Fila Korea, which has the international rights to the Fila brand, suffered a 26 percent drop in net income to 29.23 billion won (€20.4m--$26.9m) in the financial year ended last Dec. 31. Revenues declined by 7 percent to KRW423.88 billion (€295.3m--$389.5m). In the fourth quarter, the company's operating income was off by 26 percent to KRW23.3 billion (€16.2m--$21.4m) on 11 percent lower revenues of KRW181.5 billion (€126.5m--$166.8m).

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