MILAN — Robust fourth-quarter growth wasn’t sufficient to keep Prada Holding NV’s full-year results from falling substantially under pressure from the sale of its stake in Fendi and a 2001 change in ordering procedures that cut into 2002 sales.

Net profit for the year ended Dec. 31 shed 45.6 percent to $29.2 million from a pro-forma 2001 result of $53.4 million, which excludes results of the 25.5 percent stake in Fendi sold to LVMH Moët Hennessy Louis Vuitton in November of 2001. Including the Fendi stake, net income in 2001 was $60.6 million. Dollar figures have been converted from the euro at current exchange rates.

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