BASICNET NET INCOME FLAT DESPITE SALES DROP.
The parent of the Kappa brand had net income of €1.03million for the first half ended June 30 compared to an indicated €1.0 millionas revenues fell 28% to €44 million from €61.4 million in the prior year.Including sales of licensees, sales were €97.6 million which represented adecline of 24%. The main factor in the sales decline was the loss of theItalian soccer ... Log in to view full article.
