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02020 ANTA SPORTS
RTNominal up90.000 +1.000 (+1.124%)
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06/12/2019 16:57

ANTA Sports (02020) sees 45+% increase in year net

[ET Net News Agency, 6 December 2019] ANTA Sports Products Limited (02020) said the
company is expected to record an increase of not less than 45% in its profit attributable
to equity shareholders of the company (on a consolidated basis, without taking into
account the share of loss of a joint venture) for the financial year ending 31 December
2019 (FY2019) as compared to the financial year ended 31 December 2018 (FY2018). The
profit attributable to equity shareholders of the company for FY2018 amounted to
approximately RMB4.1 billion.
The expected increase is mainly attributable to (1) the continued strong growth recorded
in the sales of ANTA branded and other branded products which has resulted in more than
35% increase in revenue (on a consolidated basis) as compared to FY2018; and (2) the
increase in operating profit margin as compared to FY2018. (RC)

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