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Article Date: January 2019
Word Count: 163

Descente Nine-Month Net Drops on 2% Higher Sales


Comprehensive net income tumbled 76% to ¥1,264 million ($11.4 mm) from ¥5,205 million for the nine months ended Dec. 31, including a ¥2.2 billion negative swing in foreign exchange, on 2% higher revenues of ¥100,915 million ($913.8 mm) up from ¥98,898 million. Excluding ForEx and other comprehensive items, the bottom line was off 26% to ¥2,832 million from ¥3,830 million. Descente and Umbro led the sales gains, both improving by 9%, while Le Coq Sportif was flat and Arena and Munsingwear ... Log in to view full article.

 


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