Business news :Yue Yuen Revenues Down in September, Flat Through Fourth Quarter

Yue Yuen Industrial Holdings Limited generated net consolidated operating revenue of $572.5 million in September, down four percent from a year earlier. For the nine months ended Sept. 30, net consolidated revenue  reached $5.38 billion, which was roughly flat with the first three quarters of 2011.

Yue Yuen is a major producer of athletic footwear for western brands and also operates retail and wholesale sportswear business in mainland China, where it produces many of its shoes. The company is a subsdiiary of Taiwan-based Pou Chen Corporation, which owns a majority of its shares.

( SportsOneSource Media )