Pou Chen: May Revenue NT$21.7 Billion, Overall Performance Largely Stable

(Central News Agency, reporter Pan Chih-yi, Taipei, 10th) Shoe manufacturer Pou Chen Corporation today announced its May self-consolidated revenue of NT$21.702 billion, a year-on-year increase of 0.17%. Cumulative consolidated revenue for the first five months of this year was NT$107.138 billion, a decrease of 2.79% compared to NT$110.217 billion in the same period last year, indicating overall operational performance was largely stable.

Pou Chen Corporation explained that its key subsidiary, Yue Yuen Industrial, reported May self-consolidated revenue of US$694 million (approximately NT$21.626 billion), a decrease of 2.5% year-on-year. Within this, the footwear manufacturing business saw a 6.6% year-on-year decline in May revenue. Cumulative self-consolidated revenue for the first five months was US$3.375 billion, a slight decrease of 0.7% year-on-year, with the footwear manufacturing business's cumulative revenue down 3.2% year-on-year.

Pou Chen pointed out that Pou Sheng International, which was spun off from Yue Yuen's retail business and listed independently, reported May self-consolidated revenue of RMB 1.457 billion (approximately US$222 million), a decrease of 2.7% year-on-year. Cumulative self-consolidated revenue for the first five months was RMB 7.885 billion (approximately US$1.146 billion), a decrease of 1.2% year-on-year. (Editor: Yang Kai-hsiang) 1150610