Yue Yuen Expects Substantial Mid-Year Profit Surge

Yue Yuen Industrial (Holdings) (HK:0551) has released an update.

Yue Yuen Industrial (Holdings) Limited has announced a positive profit alert, expecting a significant 115% to 120% increase in profit for the first half of 2024 compared to the same period in 2023. The upsurge is attributed to the robust demand for the Group’s footwear products and a low base effect, alongside cost-reduction efforts and efficient production strategies. However, shareholders and potential investors are cautioned to await the final unaudited results due around August 12, 2024, before making any investment decisions.

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