Anta Sports’ H1 Net Up 22%, Operating Margin Down
Net income at the Chinese company was 927.3 million yuan ($143.5 mm) against 760.2 million yuan for the six months ended June 30. H1 turnover grew 29% to yuan 4,451.4 million ($688.6 mm) from yuan 3,453.1 million. By segment, footwear sales stepped 27% higher to $2,207.9 million yuan ($341.6 mm); apparel increased 29% to 2,079.7 million yuan ($321.7 mm) and accessory sales expanded 60% to 163.8 million yuan ($25.3 mm). All revenues were generated in China with the exception of 18.3 million yuan ($2.8 mm) ... Log in to view full article.