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| HSI1 | 18,475.92 | +268.79 | 116.19B |
| HSCEI1 | 6,547.29 | +110.20 | 55.14B |
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2024-04-25 16:38:12 YUE YUEN IND (00551.HK) released a positive profit alert expecting to record an increase of approx. 95-100% in its net profit for the three months ended 31 March 2024 as compared to US$50.8 million for the corresponding period in 2023. The Company explained that the increase was mainly attributable to the normalization of its order book driven by the gradual recovery of the global footwear industry, leading to an improved capacity utilization rate and better production efficiency, further supported by a low base. A one-off gain of approx. US$12.06 million on the partial disposal of an associate in 1Q24 also contributed to the increase. ~ AAStocks Financial News Web Site: www.aastocks.com | |