|Day's Range||2.770 - 2.830|
|52 Week Range||2.770 - 4.230|
|PE Ratio (TTM)||13.52|
|Dividend & Yield||0.03 (7.38%)|
|1y Target Est||3.20|
Could a more complex trade system drive customers back into the China middleman's arms?
Global exporter Li & Fung Ltd's first-half net profit halved as price deflation and competition affected its main U.S. market, while the weak Chinese currency continued to hit its trading business. The Hong Kong-based company, which grew to prominence by making clothing and toys for Western retailers, said on Thursday its net profit for January-June plunged 51 percent to $72 million from $149 million a year earlier, its lowest half-yearly profit since 2004. The exporter, which supplies to firms such as Kohl's Corp and Wal-Mart Stores Inc, said core operating profit fell 14 percent to $156 million from $182 million.
Global exporter Li & Fung Ltd on Thursday said its first-half profit fell 51 percent as price deflation and competition affected its main U.S. market, while the weak Chinese currency continued to hit its ...