Milan

Prada rakes in over 625 million euros in profits

'2012 a new record year' says fashion powerhouse CEO

Prada rakes in over 625 million euros in profits

Milan, April 5 - Italian luxury fashion house Prada on Friday announced 2012 net profits of 625.7 million euros, an increase of 44.9%. The report comes on the heels of data released in February that showed Prada earned 3.3 billion euros in revenue, up 29% on the year. "2012 was a new record year for our group both in terms of revenues and profitability," said CEO Patrizio Bertelli.

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