LI & Fung Ltd (0494.HK)
19 Sep 2017
Latest Key Developments (Source: Significant Developments)
Aug 24 (Reuters) - Li & Fung Ltd <0494.HK>:Hy turnover $7.26 billion versus $7.42 billion.HY reported profit attributable to shareholders $101 million versus $72 million.Reported HY dividend 11 cents per share."For the rest of 2017, we expect the macro environment to remain volatile"."Headwinds from store closures will continue in the second half of the year"."We expect on-going promotional activities to continue putting pressure on margin". Full Article
Li & Fung Ltd <0494.HK>: Final dividend HK$0.12 per share . Fy net profit $223 million versus $421 million a year ago .Fy turnover $16,761 million versus $18,831 million a year ago. Full Article
Li & Fung Ltd <0494.HK>: HY profit attributable to shareholders of US$ 72 million versus US$ 149.0 million . HY revenue of US$ 8.07 billion versus US$ 8.63 billion . We expect the rest of 2016 to remain challenging" . Global retail market continues to struggle with soft consumer demand and geopolitical instability will weigh on consumer sentiment" . Says board has resolved to declare an interim dividend of 11 hk cents . Expect highly promotional activities and deflationary environment will continue" . Trading volume will be under pressure given brands and retailers are transitioning through a destocking cycle" . Full Article
Global Logistic Properties Ltd
SHANGHAI, Aug 25 Hong Kong stocks rose for the fourth consecutive session on Friday, finishing the week with a strong gain as forecast-beating results from major Chinese firms boosted investor confidence.