Anta's gross profit increases 114%, up to 0.434 billion RMB, which is higher than Anta's expectation. The avenue increase 52%, higher than the expectation. Anta prepared the first half year of 2008 raw materials and the average sale price increase, therefore the gross profit increase out of expectation.
Anta foresees the gross profit in 2008 and 2009 increases 39.3% and 40.6% respectively compared with the previous year. It also foresees the profit in 2008 is up to 0.847 billion RMB and 1.152 billion RMB in 2009. The increasing gross profit reflects the prosperous gross profit, sales on net development and low tax rates.
About Anta
Anta was founded in Jinjiang, Fujian province in 1994. Anta is one of great sporting goods companies in China after several years development. The shoes sales is in the leading position in China. Anta designs, researches and develops, manufactures sporting clothes and shoes. More Anta information, please visit www.anta.com.