Globeride Profits Up on Stagnant Sales
The Daiwa fishing and golf parent company saw net income improve 14% to ¥1,285 million ($8.4 mm) from ¥1,124 million in the fiscal third quarter ended Dec. 31, as revenues inched up 1% to ¥29,008 million ($190.3 mm) from ¥28,612 million. Americas sales were up 1% to ¥2,833 million ($18.7 mm), as inventory and market conditions gradually recovered, but high interest rates remained a headwind, so the company narrowed its focus ... Log in to view full article.
