Yue Yuen reports nine-month production of almost 2 - footwearbiz: Lead

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Yue Yuen reports nine-month production of almost 250 million pairs

09/09/2011
Footwear group Yue Yuen has announced its results for the nine months ending on June 30, the first three quarters of its business year. Total turnover of the group rose by 23.4% year on year to almost $5.2 billion, and net profit increased by 1.2% to $350 million.

It said both footwear manufacturing and retail operations in the Greater China region continued to experience sales growth compared to the same period last year. Shoe manufacturing activity represents 71.1% of the group’s turnover. For the nine month period, shoe manufacturing sales increased by 25.8% to almost $3.7 billion. Shoe manufacturing volume was up by 17% to 249.1 million pairs.

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