By and  on August 2, 2012

PARIS — As the London 2012 Olympic Games continue in full swing, Adidas AG, the event’s official sportswear partner, raised its profit forecast for the year.

The Herzogenaurach, Germany-based company on Thursday reported a 17.9 percent increase in second-quarter net profits to 165 million euros, or $212 million. Driven by double-digit sales increases in retail and other businesses, group revenues in the three months ended June 30 rose 14.8 percent to 3.52 billion euros, or $4.52 billion.

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