HONG KONG, July 18 (Reuters) — Shares of Chinese sportswear maker Li Ning Co Ltd tumbled more than 10 percent to a three-month low in early trade on Friday, after it warned of deeper losses in the first half.

The company said late on Thursday it expected one-off charges and the cost of expanding its direct sales network to widen its January-June net loss to at least 550 million yuan ($88.65 million.)

To access this article, click here to subscribe or to log in.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus