Prada 2011 net profit beating forecasts


Italian fashion house Prada reported a 2011 net profit of 431.9 million euros beating a Thomson Reuters forecast of 415.83 million euros, annouced reuters. Prada posted a 72 percent rise in full-year net profit. Prada’s shares listed in Hong Kong have gained 41 percent since the start of 2012.

Milan-based Prada is seen as a proxy for the booming luxury goods market in Asia, especially in Greater China.