Yue Yuen Industrial (HKG:0551) expects a 140% to 145% rise in attributable profit for the nine months ended Sept. 30 from $137.7 million a year prior, a Friday bourse filing said.

The footwear maker attributed the anticipated rise in profit mainly to an increase in the gross profit margin of its manufacturing business and a boost in demand.

Shares of the form closed nearly 3% higher on Friday.

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