SAIL REPORTS EARNINGS INCREASES

SAIL, the South African sports brands owner, has increased earnings by 48% to R14.86million ($1.89m) for the year ended 31 December 2000, and pushed up headline earnings by 56% to R16.46million ($2.10m) on revenues of R$188million ($23.95m). The company?s net asset value also increased by 205% to R188.6million ($24.02m).

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