Acushnet Boosts Fila Korea Results
Fila Korea’s consolidated net income was KRW357,314 million ($308.6 million) in the fourth quarter against a loss of KRW51,146 million ($44.2 million) last year on the huge windfall from its subsidiary Acushnet going public. Consolidated revenue more than doubled to KRW414,161 million ($357.7 million) from KRW203,497 million. The Acushnet IPO contributed an implied KRW219.5 billion ($189.6 million) to the top line in Q4. For the full year 2016, net income was KRW311,126 million compared to a loss of KRW133,328 million on revenues of KRW967,128 million up from KRW815,750 million. ... Log in to view full article.