Prada reports fall in six-month profits to 244 mln euros

(AGI) Milan, Sept 19 - Prada closed the first six months of2014, ending July 31, with net profits of 244.8 million euros,20 percent down on the 308 million in the same period lastyear, the fashion house reported on Friday. Consolidatedrevenues for the period grew by 1.3 percent to 1.75 billioneuros. "The position now achieved by the group in the luxurymarket represents a solid basis for growth in revenues andmargins in the medium to long term, which we will pursue whilealways paying the utmost attention to excellence through aprudent investment policy and

(AGI) Milan, Sept 19 - Prada closed the first six months of2014, ending July 31, with net profits of 244.8 million euros,20 percent down on the 308 million in the same period lastyear, the fashion house reported on Friday. Consolidatedrevenues for the period grew by 1.3 percent to 1.75 billioneuros. "The position now achieved by the group in the luxurymarket represents a solid basis for growth in revenues andmargins in the medium to long term, which we will pursue whilealways paying the utmost attention to excellence through aprudent investment policy and the continuous monitoring ofcosts," said CEO, Patrizio Bertelli. (AGI) . .