Discover the SportAccord Summit sessions!
31 Jan 2024 23:49
Wuhan Double Co Ltd (DOUBLE), recently reported financial results for the quarter ended March 31, 2016. Their first quarter revenue has dropped by 13.94% to over 41.7 million yuan.
The main part of Q1 revenue came from its sports business, according to the statement.
Double’s profit has grown by 199.39% annually to 0.46 million yuan in Q1 2016.
Wuhan Double Co Ltd is engaged in the trading of phosphate ores. The Company is also involved in the leasing, operation and management of student apartments.
In recent years, Double began to tap into the sports marketing business and TV production. Several TV series were still in the planning, production or post-production phrase, so the TV business contributed only a small part to Q1 revenue, according to the statement.
On 18th April, Double announced it would spend €39.5million to buy a 100% share of Nice International Sports Limited. It is also seeking control of the agency that represents Andres Iniesta and Luis Suárez.
Source : Wuhan Double Co Ltd
Proofread by Sean O Diobhilin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Sina Sports seals deal with FEI
28 Jul 2016
Economic impact of Beijing Winter Olympic
05 Aug 2015
Dongxiang to invest 29 million dollars in sports tourism
05 May 2015
Hisense’s ambitious plan for global market
15 Jun 2016
CSM nominated for 2016 TV Sports Awards
05 Aug 2016
More from Yutang Sports
SportAccord's Interview with Gillian Sanders: Challenges for women in sport
26 Apr 2024
Ingmar De Vos elected as the next ASOIF President
10 Apr 2024
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
SportAccord Media Partners will ensure global audiences are primed with latest news in sport
02 Mar 2024
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024
Yutang Sports
loading...