CHINA: Shoe Giant Yue Yuen In Profit Hike
The world's largest footwear manufacturer, Yue Yuen Industrial (Holdings) Ltd, on Monday posted a 3.7 per cent year-on-year climb in first quarter net profit. The company, which makes sports shoes for firms including Nike and Reebok, said net income for the quarter to December 31 was $52.2 million, up from $50.4m in the year-ago period