13 Oct Yue Yuen Revenues Up 5.7 Percent Through September
Yue Yuen Industrial Holdings Limited reported operating revenue reached $6.28 billion for the first nine months of the year, up 5.7 percent from the nine months ended Sept. 30, 2014.
The figures represent revenues of Yue Yuen’s footwear manufacturing operations as well as its Pou Sheng International Holdings Limited subsidiary, which sells sports performance and lifestyle apparel and footwear through more than 6,000 points of sale in mainland China, Taiwan and Hong Kong.
At Pou Sheng, net consolidated operating revenue reached $205.3 million in September, up 10.0 percent from September, 2014. Revenues reached $1.75 billion for the first nine months of the year, up 19.9 percent from the nine months ended Sept. 30, 2014.
Both Yue Yuen and Pou Sheng are ultimately controlled by Taiwan’s Pou Chen Corporation, which is listed on the Taiwan Stock Exchange. Yue Yuen is one of the largest manufactures of Nike and Adidas footwear in the world, while Pou Sheng is among the largest distributors and retailers of the brands in Greater China.