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Weak sentiment and high operating costs batter Li & Fung

2015-03-19 16:30:28| Logistics - Topix.net

Li & Fung, which supplies Wal-Mart, says last year's profit missed expectations due to weak consumer sentiment and high operating costs. Photo: Bloomberg Li & Fung said on Thursday a three-year growth plan to next year was no longer achievable as the sourcing and trading giant reported worse-than-expected earnings, battered by weak consumer sentiment and high operating costs.

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