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Article Date: August 2019
Word Count: 372

Anta H1 Sales Jump 40% on Huge Fila Momentum


China’s largest sports brand posted a 28% gain in comprehensive net income attributable to shareholders of RMB2,482,708,000 ($363.6 mm) in the first half up from RMB1,944,809,000 on a 40% sales increase to RMB14,810,559,000 ($2,168.8 mm) against RMB10,553,525,000. The growth was powered by an 80% leap from Fila, which Anta licenses for China, to RMB6,537.8 million ($957.3 mm) from RMB3,635.1 million. The company now sees Fila, which is positioned as a high-end brand, becoming the mainstay of China’s sportswear market. The Anta brand posted an 18% topline increase to RMB7,589.7 million ($1,111.4 mm) from RMB6,416.7 million, while its other brands, including ... Log in to view full article.

 


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