Prada Hong Kong shares hit 1-1/2 years low on first-half profit miss

Prada SpA

31/07/2025 03:22

** Hong Kong shares of Prada 1913.HK plunge 12.7% to HK$40.85, their lowest level since Jan 2024 and on course for a fifth session of decline

** Stock set for biggest one-day pct drop since April 7

** Prada 1913.F reported a 9% increase in first half net revenue at constant currencies on Wednesday, with its smaller, but fast expanding, Miu Miu brand helping it to buck a weak sector trend

** Group's adjusted operating profit rose 8%, below analyst consensus provided by Visible Alpha

** Hang Seng Consumption Index .HSCGSI drops 1.6%, benchmark Hang Seng Index .HSI falls 1.3%

** YTD, Hong Kong-listed stock down 31.7%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))