Yue Yuen reports strong revenue growth from core manufacturing & retail sales in china during Q1
14 Jun '05
3 min read
Additionally, the growth momentum for retail sales operations in greater China and apparel manufacturing remained intact. Retail sales now accounted for over 4% of the Group's total revenue.
As of March 2005, the Group operated about 330 production lines (September 2004: 309 lines) located in China, Vietnam and Indonesia. The increase in production capacity was in line with the strong volume growth. The Group established a wholesale network of about 900 distributors for its licensed brands and operated about 480 retail stores/counters selling branded athletic footwear and apparel in major cities of China.
Combined contributions from associates and jointly controlled entities amounted to US$17.5 million for the period under review compared with US$17.7 million last year. However, there was a one off contribution of about US$4.5 million last year from the disposal of investment securities by one of our jointly controlled entities, Symphony Holdings Limited.
Yue Yuen Industrial (Holdings) Limited is the largest athletic & casual footwear manufacturer in the world with production facilities in china, Vietnam & Inconesia.ical market ical market
Yue Yuen Industrial (Holdings) Limited is the largest athletic & casual footwear manufacturer in the world with production facilities in china, Vietnam & Inconesia.
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