Trade Resources Company News Yue Yuen's 9-Month Results by Segment Showed 11% Growth for Casual/Outdoor Shoes

Yue Yuen's 9-Month Results by Segment Showed 11% Growth for Casual/Outdoor Shoes

Net income, negatively impacted by the value on derivatives and higher taxes, declined 34% to $216,051,000 from $324,928,000 for the nine months ended Sep. 30.

Yue Yuen's 9-month results by segment showed 11% growth for casual/outdoor shoes to $1087.1 million while athletic shoes managed a 1% increase to $2848.5 million. There was also a 14% increase in retail sales to $1455.9 million, 10% growth for shoes and a 5% jump in sport sandals sales.

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Yue Yuen's Net Income Declined 34%