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Article Date: July 2023
Word Count: 126

Yue Yuen Warns on Profits

YY’s footwear manufacturing business slowed in the first half, leading the company to warn that first half profits are expected to fall 50% to 55% from last year’s $175 million net income. Manufacturing revenue dropped by about 19%, attributed to reduced orders from brands in reaction to the broad destocking trend permeating the industry. ... Log in to view full article.


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