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Article Date: August 2019
Word Count: 375

Yue Yuen Posts Manufacturing, Retail Gains in H1

Comprehensive net income attributable to shareholders jumped 53% to $177,454,000 from $116,186,000 in the first half on 6% higher revenues of $5,070,727,000 up from $4,769,353,000 including a double-digit increase in retail sales and a smaller gain from footwear manufacturing. Excluding comprehensive items, net income was up 11% to $165,877,000 from $150,094,000. Selling and distribution expenses and administrative expenses were stable as a percent of revenue, inching up just 10 basis points. Yue Yuen said it is keeping a careful eye on the trade tensions between the Washington and Beijing, and warned that the uncertainty it was creating could hurt retail ... Log in to view full article.


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