Supply chain manager Li & Fung Ltd has posted an 8.9 per cent rise in second-half net profit to HK$806 million, compared with a profit of HK$740m in the same period a year earlier.

The Hong Kong-based company, which buys apparel on behalf of Abercrombie & Fitch and Reebok, also reported a 6.5 per cent year-on-year rise in second-half turnover to HK$24.5 billion.

Li & Fung sources 40 per cent of its turnover from factories in mainland China.