Yue Yuen announced its unaudited consolidated results for the first quarter of 2017, with revenue totaling 2 101 million US dollars, a 3.6% growth compared to similar period in the previous year. Profit attributable to owners of the company increased by 30.6% to 124.5 million US dollars compared to 95.3 million US dollars recorded in the same period in 2016.

Athletic footwear continues to represent the largest share in total revenue (47.4%), followed by retail sales revenue. Casual shoes represented 12.5% in total revenue. Compared to similar period last year revenue increased in the athletic shoes segment (+3.8%) and in retail (+9.2%); all other segments registered drop in revenue, with highlight to the 19% decrease Sports sandals.

Total revenue for footwear manufacturing activity in the period increased by 1.4%, whereas the volume of shoes sold increased by 0.7% to 80.7 million pairs.

With regards to the retail, wholesale and sport services business in the Greater China region, revenue increased by 9.1% totaling 676.4 million US dollars compared to 619.9 million US dollars recorded in the same period last year.