HONG KONG: Restructuring costs weigh on Li & Fung FY profit
Global sourcing giant Li & Fung Ltd has seen its full-year profit slump despite a slight rise in turnover, blaming ongoing restructuring costs and weakness in its distribution business.
Global sourcing giant Li & Fung Ltd has seen its full-year profit slump despite a slight rise in turnover, blaming ongoing restructuring costs and weakness in its distribution business.