Overall profits declined by 8% in the first quarter to KRW 123,092 million ($102.1 mm) from KRW 134,201 million last year, but double digit growth from Acushnet sent the top line 9% higher to KRW 1,073,563 million ($890.7 mm) from KRW 988,281 million. Excluding the golf business, revenues were up less than 1% to KRW 343,258 million. Full year guidance remained the same, expecting consolidated sales and operating profit both in the -2% to +2% range.

Fila Korea net income declined 5% to KRW 20,089 million from KRW 21,069 million, on 3% lower sales of KRW 132,789 million down from KRW ... Log in to view full article.