Business

Nike profits from increased sales

Nike footwear
Image caption The rise in profits came despite another squeeze on the company's margins due to higher raw material costs

Sportswear maker Nike saw its second-quarter income rise, helped by strong demand for its branded products.

The world's biggest sports clothing maker earned $469m (£300m; 359m euros), up from $457m for the same quarter a year ago.

Revenue at Nike rose 18% to $5.7bn, while futures orders were up by 13% to $8.9bn in the quarter.

Higher product costs again dented profit margins, which fell by 2.6 percentage points to 42.7%.

Nike also owns the brands Converse and Umbro, where it said said revenues increased by 5%.

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