Adidas books profit

FRANKFURT, Aug 03 (AFP): Adidas said Thursday it booked a profit in the second quarter, showing tentative signs of recovery as it sells off its huge inventory of rapper Kanye West's Yeezy merchandise.

The German sportswear giant reported a net profit of 84 million euros ($92 million) from April to June, following two consecutive quarters of losses.

But this was still substantially lower than in the same period a year earlier.

Adidas has endured a period of chaos since October last year when it ended its lucrative tie-up with rapper West-now known formally as Ye-after he made a series of antisemitic outbursts.