German sports sneaker and apparel maker Adidas AG (ADDYY.PK, ADDDF.PK) reported that its third quarter net income attributable to shareholders dropped to 347 million euros or 1.91 euros per share from 960 million euros or 4.94 euros per share in the prior year.
Quarter net income from continuing operations declined to 66 million euros from the prior year's 479 million euros. The latest quarter results negatively impacted by several one-off costs totaling almost 300 million euros as well as extraordinary tax effects in the third quarter.
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