China-based sportswear manufacturer Exceed Company, which owns the Xidelong brand, has released its unaudited financial results for the second quarter ended June 30, 2011.

Revenue was 114.7 million, representing a 15.7% year-over-year increase. Gross profit was $35.6 million, representing a 9.2% year-over-year increase. Gross margin was 31%, compared to 32.9% for the second quarter of 2010. Operating profit was $17 million, representing a 3.9% year-over-year increase. Net profit was $14.7 million, representing a 5.2% year-over-year increase.

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