For the year ended Sep. 30, Yue Yuen saw a 29% rise inturnover to $2.51 billion and a 35% jump in net profit to $308.2 million.Revenues for the core footwear business, excluding contributions from theupstream operations acquired from parent Pou Chen in Nov. 2002, increased 17%to $2.27 billion.

Pairage went up 21% to 157.7 million, as averageselling price continued to decline. YY says it senses the decline in the priceof athletic shoes will be stemmed by increased U.S. demand for high-end models,especially basketball shoes, this year. YY also noted that its expansions intosandals and women’s shoes brought ASP down. By category, ... Log in to view full article.