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Article Date: May 2017
Word Count: 146

Fila Korea Posts Huge Gain from Acushnet

Fila consolidated net income in Q1 tripled to KRW25,539 million ($22.1 million) from KRW7,340 million on revenues that were up almost fourfold to KRW653,701 million ($567.0 million) from KRW168,202 million as its reported numbers now incorporate Acushnet, in which it holds a majority stake. Otherwise, the results were less impressive, with Fila USA swinging to a loss of $2,002,000 from a profit of $2,409,000 on a 275 basis point drop in gross margin ... Log in to view full article.


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