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Giorgio Armani

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Part C. Income Statement<br />

•The format is a multistep format.<br />

•Income Statement Link<br />

Dollars in Million 2007 2006<br />

Gross Profit 500.6 311.1<br />

Income of Opp. 221.9 227.2<br />

Net Income 172.2 167.7<br />

•Other than Income form operations,<br />

the company received a solid<br />

increases. Even though income form<br />

operations decreased, a profitable<br />

investment may have been at hand.

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