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Article Date: November 2017
Word Count: 255

Yue Yuen Profit Rises 5% in Nine Months


Net income after minority interests was $395,857,000 compared to $378,771,000 for the nine months ended Sep. 30 as sales improved 7% to $6,718,014,000 from $6,293,301,000. The results included non-recurring gains totaling $20.9 million, which would have grown earnings 4% to $375.0 million on an adjusted basis. Sneaker sales were up 3% to $3,101.9 million from $3,011.3 million while outdoor sales fell 4% to $885.2 million from $917.3 million and sport sandals were down 14% to $$57.7 million from $66.8 million. In its other lines of business, the Pou Sheng retail business sales were up 19% in US$ to $2,201.5 million ... Log in to view full article.

 


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