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Nike posts bigger quarterly profit

    (Reuters) - Nike Inc posted a bigger quarterly income, helped by strong demand and price rises.

    For the second quarter ended November 30, the world's biggest sports clothing maker earned $469 million, or $1 a share, compared with $457 million, or 94 cents a share, last year.

    Revenue at the company, known for its swoosh-logoed merchandise, rose 18 percent to $5.7 billion.

    Futures orders for the Nike brand, a closely watched measure of demand in coming months, grew 13 percent to $8.9 billion.

    (Nivedita Bhattacharjee in Bangalore; Editing by Unnikrishnan Nair)

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