April 26, 2024
Stocks & Bonds
[EQUITIES] ‘Fila Korea boosted by strong subsidiary’
[THE INVESTOR]
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The US subsidiary’s operating profit in the fourth quarter last year surged 274 percent on-year to US$26.4 million, beating market consensus, and its first-half earnings prospects are bright as golf industry recovers and it strengthens the product lineup, said analyst Yoo Jeong-hyeon.
The positive outlook combined with Fila’s growth in Korea and China will continue to boost the company’s value up for the time being, forecast the analyst.
By Hwang You-mee (glamazon@heraldcorp.com)
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