Revenues up 174% at Xtep - sportstextiles: Lea SportsTextiles

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Revenues up 174% at Xtep

03/09/2008

China-based athletic apparel firm Xtep has posted positive results for the first six months of 2008.

Revenues rose 174% to RMB 1.4 billion ($204 million) compared with the prior-year period. Gross profit for the period rose 214% to RMB 518 million.

Footwear revenues grew 86% to RMB 704 million compared with RMB 378 million in the prior-year period, while apparel revenues were up 414% to RMB 687 million compared with RMB 134 million.

The company has been working alongside chemicals company Dow Corning to create a new screen-printed sportswear line using silicone textile printing inks. These inks are solvent-free, can be washed and ironed, and are said to offer superior colour fastness to traditional inks.


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