Belle International presents solid results
![Belle International presents solid results Belle International presents solid results](/media/images/news/wf2015261318p.jpg)
The Chinese footwear retailer posted a 4% increase in revenue and net profit when presenting the results for its first semester
The China-based company distributing sportswear brands such as Nike, Adidas, Puma and Converse, reported net profit of roughly 340 million US dollars for the six months period ended on the 31st of August, rising from approximately 330 million US dollars in the same period last year. This resulted in an increase of 4%.
Revenue rose to 3.05 billion US dollars from 2.92 billion US dollars in similar period in 2014, a 4% increase.
In terms of segments of products, revenue generated with sales of footwear products have reached 1.55 billion US dollars and sportswear and apparel totaled 1.50 billion US dollars.
Note - The company posts its financial results in Chinese Yuan Renmimbi (CNY). The official exchange rate of CNY / EUR (6.3523) as reported by Federal Reserve on the 16th of October 2015 was used.
Revenue rose to 3.05 billion US dollars from 2.92 billion US dollars in similar period in 2014, a 4% increase.
In terms of segments of products, revenue generated with sales of footwear products have reached 1.55 billion US dollars and sportswear and apparel totaled 1.50 billion US dollars.
Note - The company posts its financial results in Chinese Yuan Renmimbi (CNY). The official exchange rate of CNY / EUR (6.3523) as reported by Federal Reserve on the 16th of October 2015 was used.