Yue Yuen confirms profit boost for 2016
28/03/2017
However, year on year the Taiwanese company earned 37% more in net profits in 2016 with a figure of $534.6 million.
Growth in revenues for athletic shoes increased by 2.4% year on year, accounting for 48.5% of the group’s total sales at more than $4.1 billion. Revenues from casual and outdoor shoes (which Yue Yuen groups together) fell by almost 10%, however, reaching just over $1.2 billion.
In the course of 2016, Yue Yuen, which manufactures on behalf of Nike, adidas, Reebok, ASICS, New Balance, Puma, Under Amour, Converse, Merrell, Salomon, Timberland and other brands, produced 322 million pairs of shoes. The comparative figure for 2015 was 317.5 million pairs, showing a growth in volume of 1.4%. Growth in volume was offset by a fall in average selling prices, Yue Yuen said on releasing its results.
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