Footwear group Stella International has reported first-quarter revenues of $303.4 million, an increase of 15.3% year on year.

Its production volume increased to 12 million pairs for the quarter, a rise of 9%.

Stella’s average selling price per pair was $25, which was 7.3% higher than in the first quarter of 2020.

Chief executive, Chi Lo-Jen, said he saw “promising opportunities” ahead for the rest of 2021, with luxury footwear one of the more promising.

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