Comprehensive net income gained 18% to $624,511,000 from $527,735,000 helped by a $105 million positive swing in exchange difference from foreign operations, on revenues that were 8% higher at $9,121,426,000 from $8,480,558,000. Profit attributable to the owners excluding comprehensive items and minority interests declined 3% to $519.2 million. Gross margin was 60 basis points higher at 25.8% which includes both manufacturing and retail. The retail business accounted for almost all the top line growth, increasing 24% to $3,029.1 million while the manufacturing segment inched up 1% to $6,092.4 million.
In the manufacturing business, athletic shoe sales were up 2% to $4,203.8 ... Log in to view full article.