World Footwear

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Revenue up by 3.1% at Yue Yuen

Jun 14, 2016 China
Revenue up by 3.1% at Yue Yuen
One of the world's leading footwear manufacturers consolidated its total revenue during the first quarter of the current fiscal year
Yue Yuen reported revenue increasing by 3.1% in the first quarter of 2016, totaling 2.03 billion US dollars. This compares to 1.97 billion US dollars in similar period in the previous year.

Revenue of athletic shoes was up by 5.7% and for casual/outdoor shoes down by 10.8%, compared to similar period in 2015. Total shoe manufacturing volume was up by 7.6% totaling 80.2  million pairs in the first three months of 2016.

As for the retail and wholesale business of sportswear in the Greater China region, revenue increased by 6.9% to reach 619.4 million US dollars in the first quarter of 2016, which compares to 579.6 million US dollars recorded in similar period in 2015.

Recurring operating profit attributable to owners of the company declined by 5.4% and totaled 81.3 million US dollars in the first quarter of the financial year. Non-recurring operating loss for the period amounted to 14.0 million US dollars.

Total net profit attributable to owners of the company amounted to 95.3 million US dollars in the quarter, up by 5.8%, compared to 90.1 million US dollars in the previous year.

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