China sales help Adidas to €289m profit

Sports shoe company Adidas said today that first-quarter net profits rose 38% to €289m, as strong sales in China combined with lower borrowing and tax expenses to more than offset the effects of higher costs.

China sales help Adidas to €289m profit

Sports shoe company Adidas said today that first-quarter net profits rose 38% to €289m, as strong sales in China combined with lower borrowing and tax expenses to more than offset the effects of higher costs.

The firm said revenues rose 14% to €3.8bn.

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