Rapala Loss Narrows in H2
Net loss improved to €3.7 million ($4.4 mm) from a loss of €10.2 million in the second half ended Dec. 31 on revenues that declined 4% to €112.4 million ($132.4 mm) from €117.5 million at the Finnish fishing equipment maker. North America declined 7% to €41.8 million but sales were flat constant currency, with gains in Canada offset by distribution disruptions in the U.S. from the shift to e-commerce ... Log in to view full article.