A thud on the Hong Kong Stock Exchange after the group signaled that it will take longer to achieve the objectives of the industrial plan
Thump on the Hong Kong Stock Exchange for Prada in the first session after the publication of the semi-annual accounts which showed an 18,4% drop in net profit to 115,7 million and a 5,7% contraction in revenues to 1,4 billion euro.
The title has lost the 10,9% to $24,90 of Hong Kong. However, the group expressed confidence in the effectiveness of the business plan to recover both revenues and profits but signaled that the times to achieve the results will require "longer than expected".
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