HK Stock Market Move | Yue Yuen Industries (00551) rises more than 4%, with a 140% increase in net profit in the first three quarters compared to the same period last year. The comprehensive operating income in October also increased by 14.7%.

YUE YUEN IND (00551) rose more than 4%, as of the time of writing, it rose by 4.01% to 17.1 Hong Kong dollars, with a trading volume of 198.583 million Hong Kong dollars. On the news front, YUE YUEN IND released its performance for the nine months ending September 30, 2024. The group achieved operating income of 6.075 billion US dollars, an increase of 1.48% year-on-year; the company's attributable profit reached 332 million US dollars, a 140.9% increase year-on-year. The announcement stated that operating income from footwear activities (including sports/outdoor shoes, casual shoes, and sports sandals) increased by 8.2% year-on-year to 3.783 billion US dollars. In addition, YUE YUEN IND also announced that the company's comprehensive operating income for October was 740 million US dollars, an increase of 14.7% year-on-year; the cumulative comprehensive operating income for the ten months ending on October 31, 2024, was 6.818 billion US dollars, an increase of 2.9% year-on-year.