Yue Yuen announced that its net profit attributable to shareholders would increase by approximately 140-145 percent to approximately $337.4 million, driven by its growing order book as the global footwear industry normalizes.
After the summer, the world´s biggest footwear manufacturer communicated a major Ebit rise.
In addition, the Group didn’t incur any capacity adjustment charges during the period, compared to $30.5 million last year. A one-time gain of approximately $24.1 million on the partial sale of associated businesses also contributed. The company said it has worked to optimize manpower in relation to demand in its order pipeline, while steadily ramping up new production capacity throughout the year, resulting in higher capacity utilization and improved production efficiency.
