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Sports Gear's Net Income Slumps 55% in Q1

-- Sports Gear (TPE:6768) posted net income of NT$240.6 million for the first quarter, or NT$1.2 per share, plunging 55% annually, according to a Tuesday Taiwan Exchange filing.

Shares slid about 2% in Wednesday's late morning trade.

Consolidated sales came in at NT$5.36 billion during the quarter, down 11% from a year prior.

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