World Footwear

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Yue Yuen with increasing revenue

Apr 5, 2016 China
Yue Yuen with increasing revenue
One of the world's leading footwear manufacturers consolidated its total revenue in 2015
Yue Yuen reported revenue rising by 5.3% in 2015, totaling 8.43 billion US dollars, led by growth in its network of retail stores. This compares to 8.01 billion US dollars in the previous year.

Revenue of athletic shoes was up by 3.8% and for casual/outdoor shoes down by 4.4%, compared to the previous year. Total shoe manufacturing volume was up by 3.4% totaling 317.5 million pairs in the twelve month period.

As for the retail and wholesale business of sportswear in the Greater China region, retail sales increased by 16.3% to reach 2 298.2 million US dollars in 2015, which compares to 1 975.7 million US dollars recorded in 2014.

Recurring operating profit attributable to owners of the company declined by 5.8% and totaled 405.5 million US dollars in 2015, compared to 430.5 million US dollars in the previous year. Non-recurring operating loss for the period amounted to 15.3 million US dollars.

Total net profit attributable to owners of the company amounted to 390.2 million US dollars in 2015, up by 17.9%, compared to 331.0 million US dollars in the previous year.

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