USA: K-Swiss Posts 46 Per Cent Q1 Profit Leap
California-based sports shoe manufacturer, K-Swiss Inc, on Thursday posted a 46 per cent year-on-year jump in first-quarter profit thanks to strong international sales. The company made $9.7 million, or 97 cents a share, versus $6.6m, or 63 cents in the year-ago period. Revenues soared 18 per cent to $80.3m from $68.2m.