Financial

Yue Yuen Q1 results impacted by soft global footwear demand

By 2023-05-11T09:47:00

Yue Yuen

High inventory levels across the industry coupled with softer global footwear demand negatively impacted Q1 results at Yue Yuen. Ebit fell by 32.2 percent to $65.9 million from $97.1 million for the period ended March 31. Net profit attributed to the company declined by 42.6 percent to $50.8 million from ...

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