Chinese sportswear groups out of mire as Ever-Glory reports 25% growth
02/04/2015
Chinese sportswear group Ever-Glory has bucked the domestic trend by increasing sales by 25% in 2014 to $460.1 million and profit 29% to $122.2 million.
Its peers such as Li Ning and Anta have suffered stagnations over the past two years and balance sheets hit by an oversupply of inventory. However, these, too, have seen recent turnarounds in fortunes.
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