HONG KONG: May revenues edge up 1.4% at Yue Yuen
Yue Yuen Industrial Holdings, the world's biggest manufacturer of athletic footwear, saw monthly revenues rise by 1.4% in May.
The company, which makes shoes for brands including Nike, Adidas and Reebok, posted net consolidated operating revenue of US$337.2m for May, an increase of 1.4% on April's figure of $332.6m and well up on last May's revenues of $276.3m.
Yue Yuen, a division of Taiwan-based Pou Chen Corporation, has seen revenues for the first five months of the year rise 17% to $1.5bn.
The company is one of those predicted to benefit from a boost in sales associated with the football World Cup currently being held in Germany.
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