Johnson Health Tech Profits Soar after Bowflex Acquisition
Net income more than tripled to TWD 2,430.2 million ($75.7 mm) last year from TWD 709.8 million, on 26% higher sales of TWD 47,785.4 million ($1,488.6 mm) from TWD 38,069.6 million. JHT benefitted from incremental sales from Bowflex, which it acquired out of bankruptcy in Apr. for $37.5 million. Gross margin for the year expanded 240 basis points ... Log in to view full article.
