Financial

Yue Yuen issues Q1 profit warning on weak order book

By 2023-05-04T05:54:00

Yue Yuen

Yue Yuen, which in mid-March warned of “gathering headwinds,” issued a Q1 profit warning late last week. The globe’s largest maker of footwear, citing a weak order book that impacted the operating efficiency of its manufacturing business, said net income is likely to decline by 40 to 45 percent to ...

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