Xtep Grows By Nearly A Quarter
Xtep, the Chinese sportswear company, had a 23.7 percent jump in sales for the year ended Dec. 31, reaching 3.5 billion renmimbi (€382.1m-$512.0m). Net income rose by 27.4 percent to CNY 648 million (€70.7m-$94.8m). The 2009 gross margin increased by 2.0 percentage points to 39.1 percent.
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