Taiwanese shoe manufacturer Yue Yen, part of the PrimAsia group has released figures for the nine months ended June 30. The company reported that both net profit and revenue increased for this period. Net profit rose $12.4 million to reach $251.5 million, compared with $239.1 million for the same period in 2003. Revenue increased by $0.12 million for the same period on a year-on-year basis.

The third quarter proved to be particularly successful for the company showing a 7% increase in profits for the period.

The firm sees this growth continuing in the future, seeing a continued rise in selling prices to compensate higher raw material costs and with further expansion in production.

 

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