By  on March 2, 2011

PARIS — Impacted by higher sales and marketing expenses, Adidas AG said fourth-quarter net profits slid 64.3 percent to 7 million euros or $9.5 million, versus 19 million euros, or $28.1 million, in the year-ago period.

Sales in the quarter rose 19.2 percent to 2.93 billion euros, or $3.99 billion, for the group, which is the world’s second-largest sporting goods maker after Nike Inc.

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