Prada Reports 74% Surge In Profit

Prada SpA PRDSY reported a 74% rise in its net income in the six months ended July 31. Prada's profit for the half-year period climbed to 179.5 million euros ($244.4 million), from €103 million, in the year-ago period. Prada shares dropped 10% to close at $10.80 yesterday.