Search This Blog

Showing posts with label US sportswear giant. Show all posts
Showing posts with label US sportswear giant. Show all posts

September 25, 2011

Nike profits from increased sales

Nike's latest profits have met market expectations, sending its shares up more than 5% in after hours trading.

The US sportswear giant made a net profit of $645m (£420m) in the three months to 31 August, up 15% from its same first quarter period last year.

Its revenues rose 18% to $6.1bn, as Nike said demand for its products remained strong around the world.