HONG KONG Feb 22 China's ANTA Sports Products
Ltd posted on Wednesday a 17 percent rise in 2016 net
profit thanks to solid growth in its children's product line and
a strong e-commerce business, as the country's sports sector
continued to recover.
ANTA, China's biggest sportswear retailer by market value,
posted a record 2.385 billion yuan ($346.8 million) net profit
for the year ended in December 2016, up from 2.04 billion yuan a
year earlier. That was in line with the 2.4 billion yuan average
of 33 analyst estimates compiled by Thomson Reuters.
($1 = 6.8775 Chinese yuan renminbi)
(Reporting by Donny Kwok; Editing by Muralikumar Anantharaman)