By  on March 15, 2012

MILAN — Higher raw material costs and lower consumer spending in the Mediterranean area dragged Benetton Group’s net profit down 28.3 percent to 73 million euros, or $101.4 million, in the year ended Dec. 31, compared with 102 million euros, or $134.6 million, in 2010.

Revenues decreased 1 percent to 2.03 billion, or $2.82 billion.

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