Hong Kong shares of Italian luxury group Prada rise as Q1 sales grow

Prada SpA

12/05/2023 05:36

** Hong Kong shares of Italian luxury group Prada  1913.HK 
rise as much as 4.5% to HK$57.50 
    ** On track to snap three consecutive sessions of decline,
if trend holds
    ** Sales at Prada  1913.F  rose 22% in the first quarter to
1.065 billion euros ($1.17 billion), driven by a rebound in
China and sustained growth in Europe  urn:newsml:reuters.com:*:nL8N37868I
    ** Chief Executive Andrea Guerra said there was little bit
of rebound in European sales linked to Chinese travellers but he
expects a stronger rebound in the second half of the year
    ** The Hang Seng Commerce & Industry Index  .HSNC  gains
0.9%, while the Hang Seng Consumption Index  .HSCGSI  slips 0.1%
    ** The Hang Seng Composite Index  .HSCI  eases 0.3% and the
benchmark Hang Seng Index  .HSI  edges down 0.1%
    ** As of last close, the Hong Kong shares surged 24.8% this
year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))