Li Ning Expects A Great Second Half

2010-09-09T00:00:00

Li Ning, the Chinese athletic company, had a sales increase of 11 percent to 4.5 billion renminbi (€519.9m-$661.1m) for the first half ended June 30. Net income jumped by 23 percent to RMB 581.6 million (€67.2m-$85.4m). The gross margin improved by just 0.1 percentage point to 47.9 percent, and the ...

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