Li Ning posts its first loss since going public

2013-03-28T00:00:00

Li Ning Company is moving ahead with fundamental adjustments to its sales and distribution structure, which pummeled the results of the leading Chinese sports group last year. It ended the year with a loss of 1,955.4 million yuan renminbi (€245m-$314m), compared with a profit of nearly RMB411 million in 2011.

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