Fila Holdings, a Korean sportswear manufacturer, has reported a 63.1 per cent revenue hike to KRW 1,019 billion (South Korean won) in second quarter (Q2) of FY21 ended on June 30, 2021, compared to KRW 625.0 billion in the same period of prior fiscal. The company’s net profit for the quarter tripled to KRW 135.7 billion (Q2 FY20: KRW 45.5 billion).
Fila Holdings, a Korean sportswear manufacturer, has reported a 63.1 per cent revenue hike to KRW 1,019 billion (South Korean won) in second quarter (Q2) of FY21 ended on June 30, 2021, compared to KRW 625.0 billion in the same period of prior fiscal. The company's net profit for the quarter tripled to KRW 135.7 billion (Q2 FY20: KRW 45.5 billion).#
Gross profit for Q2 FY21 increased to KRW 522.4 billion (KRW 326.5 billion), while operating profit accelerated to KRW 173.8 billion (KRW 50.3 billion).
Fila Holdings, a Korean sportswear manufacturer, has reported a 63.1 per cent revenue hike to KRW 1,019 billion (South Korean won) in second quarter (Q2) of FY21 ended on June 30, 2021, compared to KRW 625.0 billion in the same period of prior fiscal. The company's net profit for the quarter tripled to KRW 135.7 billion (Q2 FY20: KRW 45.5 billion).#
During the three-month period, Fila Korea sales slipped 3.7 per cent to KRW 136.8 billion because of continued depression on market demand due to COVID-19 outbreak. Meanwhile, Fila USA sales doubled to KRW 113.5 billion with improved market sentiment supported by COVID-19 vaccination and low base effect, according to the company.
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