China’s Li Ning Co. Ltd. said Thursday it widened its losses for thefirst six months of the year due to bad debt provisions and costsrelated to its restructuring plan and retail expansion efforts.
The company said it posted a first-half loss of 585.8 millionyuan, or $95.37 million at average exchange rates, for the six monthsended June 30. That is more than three times the size of its loss forthe year-earlier period.
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