The German athletic apparel, footwear and accessories manufacturer said on Tuesday that net income in the fourth quarter dropped 42.3% to €800,000 ($868,500) from the previous years. €1.4 million. Earnings per share amounted to €0.01, same as last year.The decline in net income mainly reflected the weak financial result. The operating result or EBIT, a key earnings metric, however, climbed 133% to €94.4 million from last year’s €40.5 million euros. The improvement was achieved through the gross profit margin and strict cost discipline. The EBIT margin improved to 4.8% from the prior year’s 1.8…