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Li & Fung Ltd (0494.HK)

0494.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Li & Fung reports FY profit of $223 mln versus $421 mln a year ago
4:37am 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

More From Around the Web

UPDATE 1-Li & Fung profit falls 47 pct in tough global retail market

HONG KONG, March 29 Li & Fung Ltd, which supplies clothing and other products to retailers around the world, on Wednesday reported a 47 percent fall in 2016 net profit and said tough conditions in the global retail industry would put pressure on its business.