Nike's profits run ahead on currency conversion

Nike has reported $200.3m (€161.7m) profit in its third quarter, up sharply from $124.7m (€100.6m) reported for the same quarter the previous year.

Nike's profits run ahead on currency conversion
Fri, 19 Mar, 2004 - 07:58

Nike has reported $200.3m (€161.7m) profit in its third quarter, up sharply from $124.7m (€100.6m) reported for the same quarter the previous year.

A huge gain on favorable currency conversion from overseas sales and robust demand at home and abroad helped pushed the company's profits higher for the three months ending February.

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