The Prada logo is seen outside its store in Hong Kong
© Siu Chiu / Reuters
The Prada logo is seen outside its store in Hong Kong June 12, 2011. REUTERS/Tyrone Siu
updated 2/19/2013 4:48:52 AM ET 2013-02-19T09:48:52

HONG KONG (Reuters) - Italian fashion house Prada SpA said on Tuesday its revenues for the 12 months ended January 2013 rose 29 percent from a year earlier to 3.3 billion euros ($4.4 billion).

The Milan-based maker of luxury bags and Miu Miu dresses, which has a market value of $24 billion, said its same-store sales growth was 14 percent during the period.

Prada, which competes with Louis Vuitton and PPR's Gucci, in August posted a 36.5 percent jump in revenue to 1.55 billion euros for the six months ended July, with same-store sales for directly operated stores growing 19 percent year-on-year during the period.

($1 = 0.7490 euros)

(Reporting By Donny Kwok; Editing by Anne Marie Roantree)

(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp

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