LI & FUNG: Li & Fung maintains strong track record.

0 Comments | M2 Presswire, January, 1999

M2 PRESSWIRE-29 March 1999-LI & FUNG: Li & Fung maintains strong track record (C)1994-99 M2 COMMUNICATIONS LTD RDATE:290399 Hong Kong -- For the year ended 31st December 1998, Li & Fung Limited, the Hong Kong-based multinational export trading group, announced attributable profit of HK$455 million compared to HK$375 million in 1997, an increase of 21.

The Group's turnover was HK$14.3 billion compared with HK$13.3 billion for the same period in 1997. Earnings per share were 72 cents as against 60.1 cents in 1997. Group Managing Director of Li & Fung, Mr William K Fung, said "The size and flexibility of our sourcing network have helped us to continue serving our customers effectively in spite of the generally uncertain trading conditions in Asia. As a...