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Nike Corporation Announces Fiscal Year Results
29.12.2015 4275

Nike Corporation Announces Fiscal Year Results

Leading manufacturer of sportswear, shoes and sports accessories Nike Inc. sums up the year. According to the company, its net profit amounted to 785 million dollars in the II quarter of the 2015 financial year, which is 20% more compared to the II quarter of last year.  

Orders for future periods increased by 20% against the expected 14,1%. Under the current four-year program of stock repurchase for 8 billion dollars, during the second quarter, the company bought back 5,6 million shares for 652 million dollars, the amount of cash in Nike's accounts is 6,1 billion dollars. The main sources of brand development are funds received in the course of the bond issue in the II quarter, advances from counterparties in foreign currency, as well as increased net profit.

Leading manufacturer of sportswear, shoes and sports accessories Nike Inc. sums up the year. According to the company, its net profit amounted to 785 million dollars in the II quarter of 2015 ...
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