Trade Resources Company News Fila Korea Operating Income up in Q1

Fila Korea Operating Income up in Q1

Tags: Fila Korea

Fila Korea generated a 36% increase in consolidated operating income to KRW29,603 million from KRW21,705 million. Consolidated revenues rose 17% to KRW199,264 million from KRW170,564 million. Amongkey segments, Outdoor sales rose 17% to KRW13,948 million,Golf sales jumped 17% to KRW9,963 million, and Fila athletic sales were 9% higherat KRW81698.

Meanwhile, Fila USA Q1 operation income increased 77% to $8537000 from $4833000 on top line expansion of 36% to $77995000 from $57450000. At the Acushnet Cos.,parent of the Titleist and FootJoy brands, Q1 operation income slid 29% to $34831000. Acushnet revenues were off 3.5% to $412727000 from $427712000 in the period where cold, wet weather affected much of the U.S., including golf rounds played.

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