Yue Yuen realized a “decent recovery in its capacity utilization rate and footwear shipment volumes” in H1 ended June 30. That trend and the globe’s largest footwear producer’s ongoing focus on expense reductions and efficiency improvements are expected to contribute to a 115 to 120 percent increase in H1 profitability for the group to an implied $96.1 to $100.3 million. The company is scheduled to release its next earnings report on Aug. 12.
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