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Pou Chen Warns of Up to 60% Profit Decline in H1

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Pou Chen (TPE:9904) unit Yue Yuen Industrial warned its profit attributable to shareholders for the six months ended June 30 could fall about 55% to 60% from $171.2 million a year earlier, according to a Friday Taiwan Exchange filing.

Yue Yuen attributed the expected decline to weaker demand, rising labor and overhead costs, and production scheduling disruptions that hurt manufacturing efficiency and margins.

Manufacturing revenue fell 4.7% year over year during the period as cautious customer ordering amid macroeconomic uncertainty, tariffs and inflation weighed on sales.

The footwear manufacturer said it is finalizing its interim results, which are scheduled for release on Aug. 12.

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