Yue Yuen reported sales slumped 23.6 percent in March, improving on the rate of decline seen in February.

Sales reached $671.6 million, down from $879.7 million a year ago.

In February, sales declined 36.6 percent as the peak of the coronavirus pandemic hit China. In January, sales were down 5.0 percent.

Sales in the first three months of 2020 reached $1.97 billion against $2.48 billion in the same period the prior year, a decline of 20.6 percent.

Photo courtesy Bloomberg