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Article Date: April 2018
Word Count: 248

Gain in Licensed Boosts Fila Results


A double digit gain in Korea and an operating profit against recent losses helped Fila show a KRW 108,110 million ($102.0 mm) consolidated net profit, down 65% from KRW 311,126 million for the FY ended Dec. 31 as sales jumped 162% to KRW 2,530,324 million ($2,387.4 mm) from KRW 967,128 million. This FY included results from the 53%-owned Acushnet business, which reported net income of $92.1 million on flat sales of $1,560.3 million. Net income for Fila standalone operations, which include owned results from Korea and North America, a 15% JV in China with Anta and licensed sales elsewhere, showed ... Log in to view full article.

 


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