Sportswear manufacturer Yue Yuen Industrial, which supplies both Adidas and Nike, posted a 17.6% increase in sales last month.

The company, which is listed on the Taiwan Stock Exchange Corporation (TSEC), said its net consolidated operating revenue for May was US$444m. This compares with $366m in May 2007.

Net consolidated accumulative operating revenue of the company for the five months ended 31 May 2008 was $2.04bn, Yue Yuen added, from $1,66bn in the same period last year.