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Yue Yuen Industrial (Holdings) ( (HK:0551) ) just unveiled an update.
Yue Yuen Industrial (Holdings) Limited announced an expected profit increase of 55% to 60% for the year ending December 31, 2024, due to rising demand for its footwear products, improved production efficiency, and strong order fulfillment. However, tax disputes with subsidiaries in Indonesia may offset these gains, potentially reducing profit by 5% to 10%, depending on the outcome of ongoing legal proceedings.
More about Yue Yuen Industrial (Holdings)
Yue Yuen Industrial (Holdings) Limited is a company incorporated in Bermuda with a focus on manufacturing footwear products. The company operates within the global footwear market and has experienced substantial demand for its products from brand customers.
YTD Price Performance: -2.81%
Average Trading Volume: 4,023
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.43B
See more data about 0551 stock on TipRanks’ Stock Analysis page.
