Yue Yuen Industrial (HKG:0551) expects its attributable profit for the first quarter of 2025 to fall by up to 25% from $100 million a year prior, an April 17 Hong Kong bourse filing by the footwear maker said.
The firm attributed the lower anticipated profit mainly to the negative impact on gross profit margin of higher unit costs for footwear manufacturing amid reduced production efficiency and a rise in labor costs.
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