Armani Net Climbs 12.8%

MILAN — Giorgio Armani SpA said net profits last year climbed 12.8 percent to 181.6 million euros, or $252.4 million, compared with 160 million euros, or $211.2 million, in 2010.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 8 percent to 349.9 million euros, or $486.3 million. The figures are contained in the Italian firm’s just-released annual report for the year ended Dec. 31.

Last May, Armani reported operating profit grew 23.2 percent to 281.8 million euros, or $391.7 million. Revenues rose 13.6 percent to 1.8 billion euros, or $2.5 billion, from 1.59 billion euros, or $2.1 billion, as reported.