Hong Kong-based manufacturer of athletic and casual footwear Yue Yuen Industrial (Holdings) Limited has posted improved unaudited results for the first six months ended March 31, boosted by strong wholesale and retail sales in Greater China and stable growth in footwear production.

Turnover increased 10.6% year-on-year to reach $1.904.8 billion, whilst profit increased 0.8% to $169.6 million.

Revenue from wholesale and retail operations increased 37% to $189 million, whilst sales from the company’s wholesale and retail operations in the Greater China region continued to improve and accounted for approximately 10% of total turnover.

The volume of footwear produced improved 14.9% to 111 million pairs, as a result of strong demand from existing and new customers and the addition of 14 new production lines.