November 11, 2024 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. Giant Group’s Sales Return to Growth in Q3
A sharp contraction in gross margin sent net income down by more than half to TWD 498.9 million (15.5 mm) in the third quarter from TWD 1,102.7 million, but sales finally turned positive, growing 5% to TWD 20,457.7 million ($635.3 mm) from TWD 19,517.3 million. Japanese Apparel Companies See Momentum Continue in Q2
Descente’s bottom line soared 41% in the fiscal second quarter ended Sep. 30 to ¥3,499 million ($23.5 mm), from ¥2,481 million, on revenues that grew by 8% to ¥35,336 million ($236.9mm) from ¥32,823 million. Johnson Health Tech Sales and Profits Jump Double Digits
The Taiwanese fitness equipment company’s bottom line surged 28% to TWD 474.7 million ($14.7 mm) from TWD 369.5 million on 25% higher revenues of TWD 12,075.1 million ($375.0 mm) up from TWD 9,675.9 million. Yonex Grows Sales, Profits in Q2
Profits were up 33% in fiscal Q2 ended Sep. 30 to ¥2,628 million ($17.6 mm) from ¥1,972 million, on 21% higher revenues of ¥35,875 million ($240.6 mm) from 29,733 million last year. Nike Inks 14 Year, €1.7 Billion FC Barcelona Extension
While the details have not been officially disclosed, several European news outlets reported that the Swoosh will pay a record sum to keep its kit sponsorship of the La Liga soccer club.
Thule has inked an agreement to acquire the Australian performance phone mount maker for mountain bikes and other vehicles for about SEK 3.6 billion ($345.5 mm).
Mammut is recalling Barryvox 2 and Barryvox S2 avalanche beacons because the main switch on some devices may be misaligned, potentially switching modes under lateral pressure, or even turning the beacon off completely. Etcetera: Peloton, Deckers, Torque Fitness
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