Stella International Holdings Limited, a Southeast Asia shoe manufacturer that is also a retailer, generated a 26.3 percent increase in consolidated first-quarter revenues to $383.3 million against $303.4 million. The sales improvement was bolstered by increased orders in its manufacturing business that led to full utilization of its production capacity. A new Indonesian factory is scheduled to come online this year. First-quarter shipment volume rose 16.7 percent to 14.0 million pairs, fueled by the group’s fashion, sports and luxury footwear segments. Overall manufacturing revenue climbed 24.9 percent to $374.6 million as the average selling price per pair (ASP) increased 7.2 percent in U.S. dollars to $26.80 from $25.00.

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