International News

Li & Fung Sees Decline in Profits


May 4, 2017



Li & Fung Ltd, a leading supplier of clothing and other products to retailers around the globe has reported a 47% fall in the net profits for the year 2016. The company has also said that tough conditions in the global retail industry would put pressure on its business. The group aims to achieve low double digit growth in revenue and core operating profit by 2019.