Hong Kong-based athletic and casual footwear manufacturer Yue Yuen has reported a 10.2% increase in turnover for the nine months ended June 30. Turnover for the period totalled $4.2 billion, with its largest product category, athletic shoes, reporting a 5.3% increase.

Sales in the company's largest geographic market, Asia, grew at a stable pace of 20.1%, while sales to the US grew 7.3%. South America, previously the fastest-growing market, registered a 0.9% sales decline.

Profit fell 4.7% year-on-year to $345.7 million. However, excluding fair value changes and one-off items, profits rose 9.7% to $377.6 million.

Total footwear production volume for the nine-month period totalled 213 million pairs, up 10.4% compared with the corresponding period last year.

Combined July and August sales totalled $1.1 billion, up 29.8% year-on-year.