MILAN — Due to higher raw materials costs and sluggish sales in southern European markets, Benetton Group reported a 16.4 percent decline in net profits to 102 million euros, or $134.6 million, in 2010 from 122 million euros, or $169.6 million, a year earlier.

Consolidated revenues as of Dec. 31 stood at 2.05 billion euros, or $2.71 billion, inching up 0.2 percent compared with 2.05 billion euros, or $2.7 billion, the year before. Dollar figures are converted at average exchange rates for the periods to which they refer.

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