Adidas reported 18% profit increase in 2011

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Source: BBC
Adidas reported record high profits for 2011 ahead of Olympics due in 2012 that is expected to push the income even higher. The company announced 18% surge in net income for the last year. The total profit approached 671 million Euros mainly due to soaring sales in China and Eastern Europe in Q4. In total Adidas sales grew by 13% over the year.


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Wed, 07 Mar 2012 20:06:49 GMT

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