Fila Korea Posts Significant Profit Increase Amid Slight Dip in Sales
Creatrip Team
a year ago
Fila Korea, a subsidiary fully owned by Fila Holdings, dramatically improved its profitability last year. According to a report released by the Financial Supervisory Service's electronic disclosure system, the company's sales slightly decreased by 0.2% to 366.9 billion KRW ($293 million USD approx.) but operating profit surged by 45.5% to 67.5 billion KRW ($54 million USD approx.). Net income also jumped by 53.1% to 54.8 billion KRW ($44 million USD approx.), showcasing a significant enhancement in profitability despite a slowdown in overall sales growth.
