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Article Date: April 2019
Word Count: 129

Feng Tay Jumps in 2018 on Nike Demand

Comprehensive net income at the Taiwanese sneaker maker surged 71% to NT$5,669,006,000 ($187.1 mm) in 2018 from NT$3,309,611,000 on 10% higher revenues of NT$64,497,644,000 ($2,128.6 mm) up from NT$58,633,388,000, with sales to Nike, by far its largest customer, increasing 11% to NT$ $53,998,871,000 ($1,782.1 mm) from $48,755,922,000. Gross margin expanded by 150 basis points to 24.5%. Without comprehensive items that included a NT$1.3 billion swing ... Log in to view full article.


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