Anta claims U-turn with 2014 sales up 22% - sportstextiles: Lea SportsTextiles

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Anta claims U-turn with 2014 sales up 22%

12/02/2015
China's sports brand Anta appears to be emerging decline, with profits increasing a third in 2014, which it attributes to growth in children's lines and e-commerce.

Revenue jumped 22.5% year-on-year to $1.4 billion while it earned $272 million in profit.

"We picked up growth momentum and delivered sustainable results," said chairman Ding Shizhong.

Chinese peers Li Ning and Xtep have struggled over the past couple of years, dogged by high inventories and a slowdown in growth in consumer spending.

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