The turnover of Li & Fung declined by one percent to $8.63 billion in the first half, reflecting macroeconomic conditions. It remained flat in the U.S. and fell by 13 percent in Europe. It grew by 14 percent in Asia but dropped by 9 percent in the rest of the world. The core operating profit fell by 19.7 percent to $182 million, but net earnings rose by 33.4 percent to $149 million following the spin-off last year of its Global Brands operations.

Topics