Footwear giant Yue Yuen Industrial Holdings Ltd has posted a 35.8 per cent jump in first quarter net profit to US$93.9 million, up from US$69.1m in the same period a year ago.

The company, which booked a one-off sale of 44.8 million shares in controlling stakeholder Pou Chen Corp during the quarter, also recorded a sales rise of 5.4 per cent year-on-year to US$644.7m for the three-month period.

Hong Kong-listed Yue Yuen is the world's largest footwear manufacturer.