Descente’s Profit, Sales Improve in Dec. Quarter
The Itochu-owned brand said that its net income increased 16% in the fiscal third quarter to ¥3,091 million ($20.3 mm) from ¥2,672 million on sales that were 4% lower at ¥28,833 million ($189.2 mm) from ¥30,115 million. The revenue improvement was attributed to the weaker yen and growth in South Korea, while the bottom expanded due to its affiliates improving in China. Sales were up in ... Log in to view full article.
