Yue Yuen Announces FY2010 Results
Yue Yuen Industrial (Holdings) Limited today announced its audited consolidated results for the year ended 30th September, 2010. Compared to the previous business year, the total turnover rose 15.4% to approximately $5.8 billion. Net profit increased by 3.2% year on year to approximately $479.5 million.
Compared to the previous year, the company said footwear manufacturing activity had significantly increased due to a steady improvement in consumer spending. Sales to the group's largest geographic market, Asia, grew by 15.1% year on year and, the second largest market, the U.S.A. by 11.4% year on year. During the year under review, the Group increased the number of production lines by 8.75% to 460. These new lines were allocated among its three key production bases: China, Indonesia and Vietnam.
