Yue Yuen sales up, profits down

Yue Yuen saw net income fall by 3.8% in the first half of their financial year the despite the strong performance of their core business manufacturing shoes for companies such as Nike and Adidas. Sales rose 17% to $132.3 million. The company produced 90.4 million pair of shoes in the first six months, up 11.4% from last year. Of these, 17% of sales were to North America and 42% to Europe.