Golf pulled down the result of Adidas

The German sporting goods manufacturer’s after tax profit has weakened in the first quarter of 2014. The golf business suffered a double-digit sales decline.

According to the notification of Europe's largest sporting goods manufacturer, after tax profit declined by third year on year to 204 million euros, and turnover decreased by 6 percent to 3.533 billion euros in the three months closed at the end of March. (MTI)