China-based athletic footwear retailer Pou Sheng has reported its profits more than doubled in the six months to the end of June to $287.9 million, with sales growing 9.1% to $966.6 million.

The company, which is publically traded but controlled by footwear manufacturer Yue Yuen (which is owned by Taiwan’s Pou Chen), attributed the increase to growth in the retail business sales, which compensated for the decline in the brand licensee and the manufacturing business.

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