Monday, May 25, 2015   

Li & Fung earnings tumble
(08-13 16:58)

Sourcing services provider Li & Fung Limited (0494) said today earnings tumbled 15 percent to US$96 million for the six months ended June. Turnover was unchanged at US$9.12 billion. The US accounts for 61 percent of its turnover, while Asia made up 14 percent, an increase of 9 percent, the group said.
Earnings per share were down 17 percent to 9 HK cents, the company said.
Li & Fung operates three key businesses in trading, logistics and distribution.
   
Other Hong Kong breaking news:
Max Mara and Renzo Piano unveil one of a kind work of art (05-22 18:52)
Max Mara opens flagship in commercial hub (05-22 18:41)
Access to cross-border funds will widen product range and expand client base, officials say (05-22 18:27)
Justice minister defends action against protesters (05-22 17:42)
20 children at Tai Po kindergarten infected with foot and mouth disease (05-22 16:34)
Cathay, union to hold talks on Wednesday (05-22 15:12)
Send the mainland-born boy back, says activist (05-22 14:31)
High Court starts hearing on review plea over reform (05-22 14:28)
Labor chief says nurturing local talent a priority (05-22 11:30)
HK-bound illegal sea cucumber haul seized in Mexico (05-22 10:02)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.