Financial reporting

Yue Yuen profit dips on retail drag

By Bob McGee 2022-05-13T07:08:00

Yue Yuen

Yue Yuen Industrial reported a 10.8 percent drop in first-quarter net profit to $97.1 million compared to $108.4 million in the year-ago period ended March 31, as growing manufacturing capacity was overshadowed by weak sales at its Pou Sheng Intl. retail subsidiary due to the resurgence of Covid-19 in mainland ...

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