Adidas (PMMAF.PK) recorded its highest gross profit margin evere as the company saw a shift in...

|By:, SA News Editor

Adidas (PMMAF.PK) recorded its highest gross profit margin evere as the company saw a shift in products sold to higher margin items. Net income jumped 6.5% percent to €308M ($403M) to topple the estimates of analysts calling for €298.5 ($392.8M). The company also confirmed its outlook for 2013. Shares of Adidas are up 5.7% in Frankfurt trading.