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Adidas net up 38% to €289 million
The one millionth vehicle, a red colored A-star, left the Mundra coast line along with 2,200 other vehicles for various international destinations including Switzerland, Malta, Sweden in Europe and Algeria, Egypt and Morocco in the non-European destinatio
30 Apr 2012, 05:01 PM IST 
A Barnes & Noble bookstore in New York.
Adidas on Monday announced a 38% growth in net profit to €289 million in the January-March quarter and raised its outlook for the full year, even as commercial "irregularities" were discovered at its Reebok unit in India.In a preliminary statement, Adidas said commercial irregularities discovered at its Reebok India unit are likely to cost it an estimated €125 million in pre-tax charge.The company said the group might have to restate...
