Yu Yuyuan Group, The World's Largest Sports Footwear Business, Increased Its Net Profit For The First Quarter Of Fiscal Year, Up 10% Over The Same Period Last Year.

Yuyuan Industrial (Group) Co., Ltd., the world's largest sports shoe manufacturer, released its performance report yesterday. The first quarter net profit increased 10% over the same period last year.

Yuyuan group is a subsidiary of Taiwan Baocheng industrial Limited by Share Ltd. The company manufactures brand shoes for Nike and Adidas-Salomon AG.

Yuyuan group said that in the three months of December 31st last year, the company achieved net profit of $120 million 200 thousand, compared with $109 million 300 thousand in the same period last year. Quarter revenue fell 3.2%, from $1 billion 360 million to $1 billion 320 million.