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Yue Yuen revenue up and profits down

Hong Kong footwear manufacturer Yue Yuen Industrial (Holdings) Ltd has reported revenue for the six months ending June 30 grew 7.2% to $4.8 billion. However, profit declined 41.9% to $150.1 million from $258.5 million compared with the same period last year.

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Higher revenue but lower profit for Yue Yuen

Hong Kong headquartered Taiwanese footwear Group, Yue Yuen, has posted revenue of US$9.12 billion in 2017, representing a +7.6% increase year-on-year but profit attributable to owners of the company declined -2.9%.

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Yue Yuen to change strategic emphasis

Yue Yuen International Holdings has reported a 0.5% increase in revenue in 2016 to US$8.48 billion, but a 1.6% decline in revenue for its footwear manufacturing business.

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