Olympikus’ parent takes off

Vulcabras, the Brazilian company that owns the Olympikus brand of sports shoes, has definitely turned the corner. It has reported a net profit of 188.9 million reais (€47.0m-$58.3m) for 2017, up sharply from R$35.7 million in the year-ago period, on 11.4 percent higher net revenues of R$1,263.1 million (€313.9m-$389.6m).

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