LI & FUNG LIMITED: Li & Fung reports continued profit growth.

0 Comments | M2 Presswire, August, 1998

M2 PRESSWIRE-27 August 1998-LI & FUNG LIMITED: Li & Fung reports continued profit growth (C)1994-98 M2 COMMUNICATIONS LTD RDATE:260898 * Positive outlook for the next three years For the six months ended 30th June 1998, Li & Fung Limited achieved a profit attributable to shareholders of HK$157 million, representing an increase of 23 over the corresponding period in 1997.

The Group's turnover rose by 8 to HK$6.1 billion. Earnings per share increased by 21 to 25 cents. The Group will pay an interim dividend of 15 cents per share compared with 13 cents for the same period in 1997. Commenting on the results, Group Managing Director of Li & Fung, William K Fung, said that buoyant Western economies, particularly the US, had generated strong orders in the...