Yue Yuen Industrial H1 Profit Falls; Shares Rise 8%

MT Newswires Live

08/12

Yue Yuen Industrial (HKG:0551) posted profit attributable to owners of $171.2 million for the six months ended June 30, down over 7% from $184.4 million a year earlier, the company said in a Monday Hong Kong bourse filing.

Earnings per share came in at $0.1066, compared with $0.1143 a year earlier.

Revenue rose 1% to $4.06 billion from $4.02 billion.

The company declared an interim dividend of HK$0.40 per share, unchanged from last year.

Shares of the footwear manufacturer were up nearly 8% in Tuesday morning trade.

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