Nike increased net profit by 23%
24.12.2014 5754

Nike increased net profit by 23%

Sportswear Manufacturer Nike Inc. increased net profit in the second fiscal quarter by 23%.

Revenues grew by 15% and reached $ 7,38 billion compared to $ 6,431 billion a year earlier.

Nike's gross margin last quarter rose to 45,1% from 43,9%, the report said. Trade and administrative expenses increased 17% to $ 2,4 billion.

Orders for the company's products, an indicator of future sales, increased by 7%, and excluding currency fluctuations - by 11%.

Since the beginning of this year, Nike's capitalization has increased by 24% compared with a 7,2% increase in the Dow Jones Industrial Average over the same period.

Sportswear Manufacturer Nike Inc. increased net profit in the second fiscal quarter by 23%.

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