Li & Fung: Annual turnover declines by 4.6 percent to 13.5 bn dollars

Li & Fung Limited reported turnover decrease of 4.6 percent to 13.5 billion dollars and total margin as a percentage of turnover increased from 9.9 percent to 10.2 percent.. The company said, improved operating efficiency and productivity led to a 21.8 percent increase in the core operating profit of the services segment of supply chain solutions and logistics businesses.