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first half

September 20, 2011

Net profit at family-controlled fashion group Prada jumped 74% in the six months to 31 July, buoyed by higher consumer demand in Asia and the opening of 29 new stores. 

Net profit at family-controlled fashion group Prada jumped 74% in the six months to 31 July, buoyed by higher consumer demand in Asia and the opening of 29 new stores.

The Milan-based luxury goods maker, which include brands such as Miu Miu and Church’s, said its 2011 first-half net profit increased to €179.5 million, from €103 million during the same period in 2010.

Net revenues grew by 21% to €1.13 billion, up from €936.5 million a year earlier, the company announced on 19 September.

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