DHAKA: Nike, the world’s leading maker of sporting goods, reported a 20% year-on-year rise in net profit for the three months ending November.

Income for the period came to $785mln.

Future orders for deliveries from December to April 2016 - which is a key measure for Nike - also beat expectations, boosted by strong demand from China, Japan and North America.

Revenue was up 4% to $7.7bn.

The firm said by the end of November its future worldwide orders for footwear and clothing were up 20%, excluding currency changes.

Greater China made up 34% of that growth, while Japan made up 32% and North America 14%.

‘Our powerful global portfolio of businesses, combined with strong financial discipline, continues to drive significant shareholder value,’ said chief executive Mark Parker, reports the BBC.

‘We see tremendous opportunity ahead as we enter an Olympic and European Championships year with a full pipeline of inspiring innovation for athletes everywhere.’

BDST: 1648 HRS, DEC 23, 2015
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