Home / Knowledge / News / Fashion / Yue Yuen total turnover rise 12.5% for full-year
Yue Yuen total turnover rise 12.5% for full-year
19
Jan '08
Yue Yuen Industrial (Holdings) Limited announced its audited consolidated results for the year ended 30th September, 2007. Total turnover rose 12.5% year on year to approximately US$4,114.1 million, and net profit attributable to equity holders of the Company increased 1.6% year on year to approximately US$359.4 million. Basic earnings per share decreased by 0.9% year on year to US21.6 cents due to a share placement during the year.

The Directors have resolved to recommend the payment of a final dividend of HK$0.53 per share, which compares with HK$0.51 per share in FY2006. (Interim dividend in FY2007: HK$0.31 per share vs FY2006: HK$0.29 per share). The total dividend for the year amounts to HK$0.84 per share, an increase of 5.0% compared with HK$0.80 cents in FY2006.

The Group recorded steady growth in the footwear manufacturing operation, with turnover from athletic shoes and casual/outdoor shoes grew by 10.6% and 9.5% year-on-year respectively. There was significant growth in the total number of shoes produced, which at 232.2 million pairs represented a rise of 18.2% compared with the previous year.

The rate of growth was higher than the market average due to support of existing customers and the addition of new clients. During the year under review, the Group installed 25 new production lines, evenly spread among the three production bases (mainland China, Vietnam and Indonesia), taking the total number of lines to 398.

Steady growth in turnover was experienced in each geographical market, and distribution was more balanced among the three major markets – the US, Asia and Europe. Turnover growth was


Must ReadView All

Courtesy: Asmara Group

Apparel/Garments | On 20th Sep 2018

Fragmented nature of Indian apparel sector major challenge

A major challenge for the Indian apparel sector is its fragmented...

Courtesy: Aditya Birla Retail

Apparel/Garments | On 20th Sep 2018

Indian Aditya Birla Retail to be acquired by Samara-Amazon

India’s Aditya Birla Group has signed a deal to sell Aditya Birla...

India's 2018-19 forward cotton export contract up by 100%

Textiles | On 20th Sep 2018

India's 2018-19 forward cotton export contract up by 100%

Rise in demand from China, lower domestic prices and depreciation of...

Interviews View All

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search