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<Alert>YUE YUEN IND Expects 1Q24 NP to Surge 95-100% YoY
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 t...
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<Alert>YUE YUEN IND Expects 1Q24 NP to Surge 95-100% YoY
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STOCK INFO

YUE YUEN IND (00551.HK)  -0.120 (-0.971%)    Short selling $12.32M; Ratio 11.018%   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.

Dividend History
Announce DateEventParticular
2024/03/13FinalD:HKD 0.7000
2023/11/133rd QuarterlyNo Dividend
2023/08/11InterimD:HKD 0.2000
2023/05/101st QuarterlyNo Dividend

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.

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A one-off gain of approx. US$12.06 million on the partial disposal of an associate in 1Q24 also contributed to the increase.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-13 16:25.)
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