By Matthew Dalton

PARIS--Prada SpA on Wednesday reported net income fell 16% in the 2016 fiscal year, reflecting weak sales across most of the Italian fashion house's main markets.

Sales were EUR3.2 billion, down 10%. Net income was EUR278.3 million compared with EUR331 million in the previous fiscal year, Prada said.

Write to Matthew Dalton at Matthew.Dalton@wsj.com

(END) Dow Jones Newswires

April 12, 2017 09:38 ET (13:38 GMT)

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