By  on February 11, 2010

MILAN — Net profit at Dolce & Gabbana Holding Srl rose 79 percent to 105.7 million euros, or $150 million, in the fiscal year ended March 31 on revenues that fell 5 percent to 1.2 billion euros, or $1.7 billion.

The significant increase in net profit compares with income of 58.9 million euros, or $83 million, at the end of fiscal year 2007-08, which was dented by extraordinary charges, group managing director and board member Cristiana Ruella told WWD. These are most likely attributed to the costs associated with taking the production of the D&G line in-house starting with the spring 2007 collection. In comparison, net profits at the end of fiscal year 2006-07 totaled 149.7 million euros, or $191.6 million.

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