Nike reported higher income last quarter

Note: This section contains information in English only.
Source: BBC
Nike has announced higher profits in the last quarter due to strong demand that offset increasing production costs. Profit of the sportswear producer in the last quarter that ended in February soared by 7% year-to-year, attaining 560 million US Dollars on the 15% increase in total revenues. The economic climate stays highly uncertain but we are optimistic about the company perspectives, said Mark Parker, the President of Nike.


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Fri, 23 Mar 2012 09:55:28 GMT

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