BasicNet Profit Slips in First Half
Net income at the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands dropped 62% to €2.8 million ($3.0 mm) as aggregate brand revenues reached €543.7 million for the six months ended June 30. Consolidated revenues dipped 3% to €173.9 million from €180.0 million, with direct sales inching down 2% to €143.4 million from €146.6 million, and royalties from licensees falling by 9% to €29.7 million. ... Log in to view full article.
