Yue Yuen Industrial Expects Up to 60% Decline in H1 Profit
MT Newswires Live
Jul 24
Yue Yuen Industrial (Holdings) (HKG:0551) expects profit attributable to owners to slide about 55% to 60% for the first half of 2026 from $171.2 million a year earlier, according to a Friday Hong Kong bourse filing.
The footwear manufacturer attributed the expected decline to weak demand that reduced sales scale, along with higher costs and pressure on production efficiency.
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