Descente enjoyed a 35.7 percent increase in net income to 2.51 billion yen (€21.7m-$30.7m) in the financial year ended March 31. Operating earnings grew by 20.9 percent to ¥3.73 billion (€32.2m-$45.6m), although revenues were basically flat at ¥75.7 billion (€654.1m-$925.9m). The gross margin ratio was 47.3 percent. The Japanese company, which licenses Cutter & Buck, Le Coq Sportif, Marmot, Umbro and other brands, is forecasting increases of 7 percent in sales and 2 percent in net profit for the current year.

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