By  on August 7, 2008

By Damien McGuinness 
BERLIN — German sportswear giant Puma AG, majority owned by PPR, reported an increase in second-quarter net profits on Thursday, thanks to a rise in global sales.

The Herzogenaurach-based company, which is the world’s third-largest sporting goods brand, saw net income rise by 0.9 percent over the second quarter to 45.6 million euros, or $71.1 million. Dollar figures are converted from euros at average exchange rates for the period.

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