Adidas Sees 2Q Profit Jump

BERLIN (AP) -- Sportswear maker Adidas AG says its earnings soared and it saw a healthy sales rise in the second quarter, which included most of the World Cup in South Africa.

Adidas' brief preliminary report Friday said net income for April-June was euro126 million ($162 million). A year earlier, it eked out earnings of euro9 million.

The company's revenues were up 19 percent in euro terms at euro2.9 billion. Adidas says that was an 11 percent increase in currency-neutral terms; the euro declined sharply in the quarter.

It didn't give reasons for its performance. Its full report is due Aug. 4.

Adidas shares were up 3.3 percent at euro43.04 in Frankfurt.

First-half earnings were up to euro295 million from euro13 million. Revenues rose 11 percent in euro terms to euro5.6 billion.

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