Subscribe & Follow
Advertise your job vacancies
Trending
Jobs
- Customer Service - UK Market Work From Home
- Personal Assistant - Work from Home Remote
- Customer Service - UK Work from Home
- Bookkeeper and Sales Administrator Cape Town
- Customer Service (UK Market) Work from Home Nationwide
- New Business Developer - Green Technology Food Packaging Johannesburg
- Customer Service (UK Market) - Work from Home Nationwide
- Marketing Manager - UK Market (Work from Home) Nationwide
Puma sales benefit little from World Cup
FRANKFURT, GERMANY: The world's third biggest sports equipment maker, Puma, on Thursday, 29 July 2010, posted a modest increase in quarterly sales despite the soccer World Cup in South Africa, sending its shares plunging.
Puma shares lost 4.92% in midday trade to mark the biggest loss on the MDax index of mid-cap companies, which was 0.35% lower overall.
Puma, which is majority owned by the French group PPR, said sales gained a mere 2.5 % in the second quarter compared with the same period a year earlier, to €615.4 million ($800 million).
When foreign exchange effects were taken into account, sales actually declined by 4.8% overall, and by 11% in Africa, Europe and the Middle East, the company's figures showed.
Puma's German rival Adidas said last week that its second-quarter sales gained an impressive 19 percent meanwhile, thanks to the soccer World Cup.
Puma sponsored seven of the 32 world cup competitors, including four from Africa, but did not reap much benefit as operating profit edged up only slightly to €64.1 million (US$83 million) for the quarter.
Source: AFP
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za