PARIS — Thanks to lower marketing expenses and a lower tax rate, Adidas AG said fourth-quarter net profits rose 151 percent, to 54 million euros, or $71.2 million, in the quarter.
financial
financial
March 4, 2009
Adidas Profits Leap 151 Percent
Lower expenses boosted fourth-quarter gains for Adidas, but the sporting goods maker warned sales and profits would decline this year.
financial/news
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