Yue Yuen takes a near 50% hit on profit in first half
15/08/2014
Shoe manufacturer Yuen has taken a hit on its first half profit after upping employee benefits – as it warned via the Hong Kong Stock Exchange last week. Profit declined 48% to $101.4 million. However, revenue rose 6.8% to $4 billion. Its chairman Lu Chin Chu said the employee strikes in May “underscore the near term challenges in the business...
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