Revenue of Korean sportswear manufacturer Fila Holdings grew 25.1 per cent to KRW 988.281 million in first quarter ended March 31, 2021, compared to revenue of KRW 789,901 million in the corresponding period of prior fiscal. The company’s net profit rose to KRW 134,201 million from KRW 39,500 million posted in Q1 FY20.

Gross profit for the reported period increased to KRW 498,541 million from KRW 381,699 million in the previous year while operating profit jumped to KRW 183,569 million.

The company’s revenues from Korea during Q1 FY21 increased to KRW 136,163 million from KRW 128,826 million in the previous year while revenues from US surged to KRW 132,284 million from KRW 106,149 million.

Fila Holdings Corp is a sportswear manufacturer that designs shoes and apparel founded by Ettore and Giansevero Fila in 1911 in Biella, Piedmont, Italy through its subsidiary Magnus Holdings Co. Fila Holdings owns a 52 per cent stake in Acushnet Company, Fila Holdings' largest shareholders include Piemonte Co at around 20 per cent, Fila Holdings at 20 per cent, and South Korea's National Pension Service at around 13 per cent.[ Gene Yoon, who owns a 75 per cent stake in Piemonte, serves as the chairman of Fila Holdings.