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3Novices:Li Ning’s first-half profit rises 67pc to US$28.4m, beating forecasts

Li Ning, the eponymous sportswear company founded by China’s former Olympic gymnast, has beaten analysts’ forecasts with a 66.8 per cent surge in its first-half net profit by shrinking its number of loss-making outlets. It aims to close more than 200 stores by the end of the year.
Net income rose to 189.2 million yuan (US$28.4 million), or 0.793 yuan per share, in the first six months, helped by an 11 per cent increase in sales to 3.996 billion yuan. The Beijing-based company didn…
August 11, 2017 at 03:44PM http://ift.tt/2vVcO2X
#3Novices #News #OnlineMedia #China 3Novices China

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