While producing less in China, Yue Yuen posts higher profits

2016-03-25T00:00:00

The world's largest shoe manufacturer said its gross margin increased last year by 1.3 percentage points to 23.4 percent as rising labor costs were more than offset by a drop in raw material costs and improved efficiencies. This helped Yue Yuen Industrial Holdings to report a 17.9 percent increase in ...

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