First-half revenues plummet but Li Ning says has it has 'turned the corner’
14/08/2013
Li Ning, one of the leading sports brands in China, has reported revenues fell by a quarter in the first half of the year but feels it has “turned a corner”. Profits were RMB1,266.4 million ($206 million), representing a year-on-year decline of 24%. The company launched a three-year restructuring plan late last year that includes steps to scale...
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