Li & Fung misses profit es­ti­mates

China Daily (Hong Kong) - - NATION | DIGEST -

Li & Fung Ltd, the world’s largest sup­plier of clothes and toys to retailers, re­ported first-half profit that missed an­a­lysts’ es­ti­mates amid slug­gish de­mand from US re­tail cus­tomers. Net in­come fell 16 per­cent to $96 mil­lion for the six months ended June from a year ear­lier, the Hong Kong-based com­pany said on Tues­day. That com­pares with aver­age es­ti­mates of $106.3 mil­lion.

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