India, April 26 -- German sportswear firm Puma SE (PMMAF.PK) reported Friday that its net earnings for the first quarter of 2019 increased 40.1 percent to 94.4 million from last year's 67.4 million euros. Earnings per share rose to 6.31 euros from 4.51 euros a year ago.
Operating result or EBIT increased 27 percent to 142.5 million euros from 112.2 million euros last year, due to a strong sales growth combined with a higher gross profit margin.
Sales for the quarter increased 16.6 percent to 1.32 billion euros from 1.13 billion euros a year ago. Currency-adjusted sales increased 15.3 percent, driven by continued growth in all regions and product divisions.
According to Puma, the revenue figure was the highest it has ever achieved in a qu...