First-11-Month Revenues up Sizably for Taiwan's Leading Footwear Makers

Pou Chen Group, globally leading Taiwanese manufacturer of sports shoes, scored combined revenues of NT$21.119 billion (US$703.97 million) in November for a monthly rise of 5% and annual growth of 10%, with first-11-month revenues rising to NT$220.84 billion (US$7.36 billion), up 7.6% year on year.

C. C. Tsai, group chairman, attributes such performance to buoyant sales of its subsidiary— Hong Kong-listed Yue Yen Industrial Ltd. that is 50-percent-owned by Pou Chen. In November, Yue Yen posted  revenues of US$686 million or about NT$21.035 billion for annual growth of 5.6%, with first- 11-month revenues rising 6% year-on-year to US$778 million.

In the same month Pou Sheng International (Holdings) Ltd.,  marketing firm spun off Yue Yen, posted revenues of US$164 million, up 20.4% from a year earlier, with first-11-month revenues up 11.7% YoY to US$1.811 billion.

Feng Tay Enterprise Co., another leading Taiwanese shoemaker, saw revenues of NT$4.449 billion (US$149.67 million) in November for a new monthly high, sharply up 18.3% from a month earlier and 38.9% from a year earlier, with first-11-month revenues of  NT$42.745 billion (US$1.425 billion), up 22.4% YoY.

Fulgent Sun International Holding Co., a Taiwanese leisure shoemaker, posted revenues of NT$625 million (US$20.83 million) in November for monthly growth of 14.9% and annual growth of 15.5%, with NT$7.471 billion (US$249.03 million) in  first-11-month revenue for a sizable rise of 18.1% YoY.

The three footwear makers are all optimistic about Q4 revenues, with Feng Tay estimated to sell 20.42 million pairs of shoes during the quarter for a quarterly growth of 5% and annual growth of 13%. (JL)