Globeride’s Net Grows on Sluggish Sales
The Japanese parent of Daiwa fishing and golf saw profit attributable to shareholders improve 7% to ¥1,773 million ($12.3 mm) from ¥1,650 million in the fiscal first quarter ended June 30, as revenues inched up 1% to ¥31,691 million ($219.3 mm) from ¥31,481 million. Gross margin grew 150 basis points to 39.5%, while SG&A was up 3% in yen, deleveraging 70 b.p. to 32.0% ... Log in to view full article.
