Higher Overall Sales But Lower Profit For Asics

2008-11-26T00:00:00

ASICS reported a 14.2 percent increase in revenues for the first half ended Sept. 30 to ¥124.21 billion (€999.5m-$1,290.6m), but European sales declined and the company’s net income slid by 9.0 percent to ¥7.54 billion (€60.7m-$78.3m). Gross margins dropped by 1.7 percentage points to 42.9 percent of sales.

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