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Article Date: November 2024
Word Count: 424

Yue Yuen Income Soars as Manufacturing Business Recovers


Net income attributable to shareholders jumped 141% to $331,658,000 from $137,676,000 for the first nine months of 2024, while revenue ticked up 2% to $6,075,307,000 from $5,986,621,000 as gains in the recovering manufacturing business were offset by falling consumer demand at the Pou Sheng retail segment. The bottom line benefitted from the overall gross margin expanding 70 basis points to 24.2%, with the manufacturing business seeing a 160 b.p. improvement to 19.6%, picking up leverage from the strong rise in orders and ramp-up of new production facilities. SG&A was down 6% ... Log in to view full article.

 


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