361 Degrees International Limited, a Chinese sportswear brand, has recently announced its results for the year ending 31 December 2015.

According to the announcement, “after deducting income tax of RMB259.5 million, profit attributable to equity shareholders grew 30.2% to RMB517.6 million”.

The brand has sponsored the 2014 Asian Games as well as several domestic events and will become the official partner of the 2016 Rio Olympic and Paralympic Games.

As Ding Wuhao, President of 361˚ Group said, “This year, the Group will be the official partner of the 2016 Rio Olympic and Paralympic Games. This will be the first time for a Chinese brand to be involved in a leading international sporting event of such a high level.”

Established in 2003, 361˚ is a leading international sportswear brand in China. Its key products include footwear, apparel, accessories, kids' footwear and apparel, and professional outdoor sportswear under the 361 Sports brand.

Source: Yahoo

Proofread by John Devlin.