Home / Knowledge / News / Apparel/Garments / Anta Sports Products delivers exemplary results
Anta Sports Products delivers exemplary results
14
Apr '09
The impact of the global economic crisis is increasing and is dealing a heavy blow to China's textile and garment industry, leading to en-masse closures, but Anta Sports Products Co., Ltd., the Hong Kong based company has not been affected and has also shown a strong growth momentum, by delivering exemplary results.

Anta released its latest results on March 3. The company achieved a turnover of 4.626 billion Yuan in 2008, representing a year-on-year increase of 54.8 percent, gross margin rose 6.5 percent to 40.0 percent, operating profit grew 94.2 percent to 9.31 billion Yuan and net profits rose 66.4 percent to 895 million Yuan.

Since being listed on the Stock Exchange of Hong Kong in July 2007, Anta has achieved a high growth phase. Spokesman Zhang Tao said, “The performance comes from a combination of accumulated experience and paying close attention to mass-market demand and also positioning it as a brand”.

On the other hand, Anta is also actively involved in basic research and development of sporting goods. Anta has founded China's first sports science lab a result of high scientific and technological requirements of the basketball game and has also sponsored professional league CBA in 2005.

Zhang Tao said, “We seize opportunities, stand at the front of every tide and when wave after wave comes rather than being thrown back into the seabed, we stand rock steady and push ourselves towards this tidal wave and towards this end Anta continues to pursue the spirit of 'Never stop Marching'”.


Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search