Italian fashion house Prada SpA, which listed on the Hong Kong stock exchange in June, has posted a 74% hike in first-half net profit thanks to double-digit growth in all markets except Japan.

The luxury firm, whose brands include Prada, Miu Miu, Church's and Car Shoe, today (19 September) said net profit in the six months to 31 July rose to EUR179.5m (US$244.4m) from EUR103m the year before.

Revenue rose 21% to EUR1.13bn from EUR936.5m, led by growth of 33% in its retail channel. Like-for-like sales were up 22% compared with the first half of last year.

All markets except Japan saw double-digit growth with the Far East and Greater China increasing their share of the total. Net sales rose by +35% in the Far East, and by 38% in Greater China.

But the firm also shrugged off economic turbulence in Italy and Europe to see sales rise 16% and 18% respectively. Growth of 16% was also reported in North America.

Looking ahead, Prada said current sales are in line with the first half, and that it will continue to focus on expanding its retail network, especially in the Far East.

"We expect 80 openings on average a year until 2013 with about 50% of the openings in Asia," the company said. "Out of the 550 stores we expect at the end of the FY2013, about 50% will be in Asia and about 50 in China."