Yue Yuen Industrial, Ltd. said it expects a decrease of approximately 55 percent to 60 percent in its profit in the six months ended June 30, citing a pullback in consumer demand, cost pressures and manufacturing inefficiencies. In the corresponding year-ago six months, Yue Yuen earned US$171.2 million. Yue Yuen concluded, “The Group will continue to closely monitor the developments in the global economic and political environment. It will also continue to uphold responsiveness as its core guiding principle, balancing demand, order pipeline, and labor supply to safeguard its operational efficiency.” Image courtesy Yue Yuen