Yue Yuen Industrial (Holdings) Limited, the subsidiary of Pou Chen Corporation that manufactures a large percentage of global athletic and outdoor footwear, reported that its net consolidated operating revenue for March was $696.5 million, a 10.0 percent decline versus the year-ago month when measured in U.S. dollars.
The manufacturing business was down 21.3 percent for the month, while the Pou Sheng retail business was up 29.8 percent in RMB.
The company’s net consolidated accumulative operating revenue for the three months ended March 31 was $2.11 billion, a 12.0 percent decline versus the year-ago year-to-date period.
Manufacturing revenue was down 18.1 percent, and Pou Sheng’s retail business was up 6.5 percent in RMB.
