BRIEF-Li & Fung Posts HY Profit Attributable From Continuing Ops Of $50 Mln

Reuters
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Aug 22 (Reuters) - LI & Fung Ltd:

* H1 TURNOVER $5,850 MILLION VERSUS $6,471 MILLION

* SEEKING IPO FOR LOGISTICS BUSINESS TO ENHANCE ITS GROWTH

* HY PROFIT ATTRIBUTABLE TO SHAREHOLDERS FROM CONTINUING OPERATIONS $50 MILLION VERSUS $91 MILLION

* "OUR SUPPLY CHAIN SOLUTIONS BUSINESS WILL CONTINUE TO FACE HEADWINDS FROM DESTOCKING FOR REST OF YEAR"

* DUE TO UNCERTAINTIES OF GLOBAL TRADE, WE EXPECT BRANDS & RETAILERS TO BE MORE CAUTIOUS IN PLACING ORDERS DURING SECOND HALF OF THE YEAR

* DECLARES AN INTERIM DIVIDEND OF 3 HK CENTS PER SHARE FOR SIX MONTHS ENDED 30 JUNE 2018 Source text for Eikon: Further company coverage:

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