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Article Date: November 2019
Word Count: 182

Sales, Net Gain in Topsports’ First Report Since Relisting

Net income rose 21% to RMB 1,470.9 million ($209.9 mm) from RMB 1,241.1 million for the six months ended Aug. 31 as sales gained 12% to RMB 16,957.6 million ($2,420.0 mm) from RMB 15,092.8 million, with the most recent results including listing expenses of RMB 50.7 million and amortization expenses from a business combination of RMB 13.4 million. Nike and Adidas combined for 87.9% of total revenues while a range of other brands including Puma, VF’s three major brands, Reebok, Asics, Tiger and Skechers represented the balance. Gross margin improved by ... Log in to view full article.


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