Modest Sales Increase Gives Shimano Huge Rise In Operating Income

2010-07-27T00:00:00

Shimano reports a 15.9 percent increase in net sales to ¥104.4 billion (€925.0m-$1,198m) for the first half of 2010, while operating income doubled, rising by 100.6 percent to ¥17.3 billion (€153.3m-$198.5m). The gross margin climbed by an impressive 4.8 percentage points to 37.9 percent. Shimano’s net income saw a more ...

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