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Article Date: March 2021
Word Count: 366

Fila Top Line Grows in Q4, but Profits Lag

Group net income tumbled 66% in the fourth quarter to KRW 17,604 million ($14.9 mm) from KRW 51,512 million on consolidated revenues that inched up 1% to KRW 796,462 million ($674.9 mm) from KRW 789,557 million, helped by sales gains at Acushnet. Excluding the golf company, revenues were off 9% to KRW 324,914 million. For the full year, Fila Holdings’ bottom line was down 42% to KRW 197,739 million ($167.6 mm) from KRW 338,144 million, on 9% lower sales of KRW 3,128,806 million ($2,651.2 mm) against KRW 3,450,422 million. Sales were down 18% to KRW 1,226,366 in 2020 without the ... Log in to view full article.


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