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Article Date: February 2018
Word Count: 284

Anta Surges Ahead with 25% Topline Gain in 2017

Total comprehensive income at the Chinese footwear and apparel brand increased 6% for the year to RMB 2,696,001,000 ($398.9 mm) from RMB 2,553,862,000 on 25% higher sales at RMB 16,692,492,000 ($2,469.7 mm) compared to RMB 13,345,761,000. Excluding a half-billion renminbi swing in comprehensive items such as exchange rate differences, net income was up 29% to RMB 3,158,892,000 ($467.4 mm) from RMB 2,444,569,000. Gross margin expanded 100 basis points to 49.4%, boosting profitability, but selling and distribution expenses bulged by 160 b.p. to 22.8% of sales, or almost a RMB billion. Anta added the Kolon Sport performance and Kingkow fashion brands ... Log in to view full article.


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