ITALY: Kappa Owner BasicNet Posts Hike In H1 Profit
Italian sportswear company and owner of the popular Kappa label, BasicNet, on Wednesday posted a slight rise in first half net profit despite a sharp fall in turnover.
The company posted a 2.8 per cent hike in profit to one million euros from the year-ago period but said turnover plunged 23.8 per cent year-on-year to 97.6 million euros.
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