The world’s largest manufacturer of athletic and casual footwear Yue Yuen Industrial (Holdings) Limited has once again posted strong results for the full year, boosted by strong retail sales in China.

Total turnover rose an impressive 12.5% to approximately $4,114.1 million for the year ended September 30, while net profit improved 1.6% to approximately $359.4 million. In its footwear manufacturing segment, which includes athletic shoes and casual/outdoor shoes, turnover grew by 10.6% and 9.5% year-on-year respectively, as a result of an 18.2% rise in the number of shoes produced (232.2 million pairs) as

The company also reported steady growth in turnover in each of its geographical markets, with distribution mainly balanced between the three major markets  of the USA, Asia and Europe, although turnover growth was particularly strong in the emerging market regions such as South America and Asia.

Looking forward, the company is already on course for an even better performance this current fiscal year having reported a 19.4% year-on-year rise in revenue for December alone to reach $401.4 million (see www.footwearbiz.com January 18).