MILAN, June 18 (Reuters) - Italian leather goods maker Piquadro SpA (PQ.MI) said on Thursday 18 June its net profit in the year to end-March rose nearly 16 percent to 7.5 million euros ($10.5 million), sending its shares higher.

New from Piquadro

Revenue rose 12.4 percent to 51.7 million euros, the company, based in Gaggio Montano, near Bologna, said in a statement.

Its shares were up 5.7 percent at 0.899 euros by 1218 GMT. However, Piquadro said orders in the current year showed a "situation of general instability" due to economic conditions in the domestic and global markets. ($1=.7165 euros) (Reporting by Milan newsroom; Editing by Greg Mahlich)