Adidas’ net profit rises
Frankfurt, August 9 :
Adidas AG said on Wednesday that its second-quarter net profit rose by 24 per cent as consumers snapped up its World Cup-related merchandise and the effects of its acquisition of Reebok took hold. The Herzogenaurach-based company earned $105.2 million in the April-June period compared with the same period a year earlier. Analysts polled by Dow Jones Newswires had predicted a profit of $97.5 million.