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LI & Fung Ltd (0494.HK)

0494.HK on Hong Kong Stock

3.84HKD
19 Sep 2017
Change (% chg)

HK$-0.12 (-3.03%)
Prev Close
HK$3.96
Open
HK$3.99
Day's High
HK$3.99
Day's Low
HK$3.82
Volume
24,226,921
Avg. Vol
28,005,061
52-wk High
HK$4.20
52-wk Low
HK$2.75

Latest Key Developments (Source: Significant Developments)

Li & Fung reported profit attributable to shareholders $101 million
Thursday, 24 Aug 2017 04:46am EDT 

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 reports FY profit of $223 mln versus $421 mln a year ago
Wednesday, 29 Mar 2017 04:37am EDT 

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

PVH Corp, Li & Fung Ltd form new strategic supply chain partnership
Thursday, 23 Mar 2017 10:42pm EDT 

Pvh Corp : PVH Corp. And Li & Fung Limited form new strategic supply chain partnership . Says agreements provide for cessation of existing non-exclusive buying agency agreement between cos . Says agreements also provide for cessation of existing non-exclusive buying agency agreement between cos .Transaction is expected to close on July 1, 2017; new supply chain relationship is expected to be mutually beneficial to both cos.  Full Article

Li and Fung says HY profit attributable to shareholders of US$ 72 mln vs US$ 149.0 mln<0494.HK>
Thursday, 25 Aug 2016 04:34am EDT 

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 signed new leases in China<0494.HK>
Monday, 25 Jul 2016 06:13am EDT 

Global Logistic Properties Ltd : News release - growth of organized retail drives demand for glp's warehouses in China) . Says signed new leases totaling 61,000 square meters with three companies in China, including lf logistics, a Li & Fung Company .  Full Article

Hong Kong shares climb, helped by strong earnings by Chinese firms

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.