Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
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
Wuxi to host World Taekwondo Grand Slam Series
25 Jul 2017
Inter close in on partnership with Chinese investors
11 Apr 2016
General Office of the State Council of China publish Outlines on Sports Power Construction
03 Sep 2019
DOUBLE takes over sports agency representing Suarez
19 Apr 2016
Tmall becomes exclusive partner with Discovery Expedition
05 Jun 2015
More from Yutang Sports
SPORTACCORD 2024 INSIGHTS: Paris 2024 here we come!
02 Jul 2024
SportAccord Bronze Partners Make Their Mark on Global Stage
08 Mar 2024
Interview with Yiannis Exarchos: to narrate Olympic story in new ways and promote positive values
01 Jul 2024
Leading legal minds tackle athlete representation and rules for transgender athletes at LawAccord
16 Feb 2024
SPORTACCORD 2024 INSIGHTS: How Gaming is Changing our World
07 May 2024
Yutang Sports
loading...