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Nike profits from increased sales
Written by Dailynews.vn Wednesday, 21 December 2011 18:16
The world's biggest sports clothing maker earned $469m (£300m; 359m euros), up from $457m for the same quarter a year ago.
Revenue at Nike rose 18% to $5.7bn, while futures orders were up by 13% to $8.9bn in the quarter.
Higher product costs again dented profit margins, which fell by 2.6 percentage points to 42.7%.
Nike also owns the brands Converse and Umbro, where it said said revenues increased by 5%.
Source: www.bbc.co.uk/go/rss/int/news/-/news/business-16279736
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