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Article Date: August 2017
Word Count: 159

Fila Booms in Q2 on Acushnet Stake

Consolidated net income tripled to KRW46,760 million ($41.4 million) from KRW16,009 million in the second quarter ended Jun. 30 on revenues that surged to KRW692,867 million ($613.2 million) from KRW209,228 million benefitting from its controlling interest in Acushnet. Fila USA continues to struggle, with net income dropping 43% to $2,243,000 from $3,924,000 on 6% lower sales at $84,676,000 vs. $90,427,000 as gross margin slipped 237 basis points to 29.6%. Royalty income gained 7% to $8.8 million with strength in ... Log in to view full article.


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