• H1 net profit up 7.6% to EUR308.2m
  • Net revenues up 11.7% to EUR1.728bn
  • Boosted by double-digit retail sales rise

Italian fashion house Prada’s eponymous core brand and leather goods led a double-digit revenue rise in the first half, boosting profit by 7.6% on last year.

Retail revenues were up 15.7% to EUR1.423bn, while like-for-like sales increased by 7% in the six months to 31 July.

Revenues in Italy edged up by 3.5%, while Europe rose 7.2%, the Americas 13.4% and Asia Pacific 17.9%.

However, Japan and Hawaii saw revenues fall 3%, while the Middle East posted a 245% sales rise off a small base.

By brand, Prada revenues were up 14.3%, Miu Miu rose 4.1% and Church’s increased by 5.4%, but Car Shoe slumped by 33.4%.

Prada said the sales increase “was achieved despite an extremely volatile international economic environment”.