By  on March 21, 2019

HONG KONG – Li & Fung Limited reported profits of continuing operations in the year to Dec. 31 plunged 26.9 percent to $171 million from $234 million, with core operating profit decreasing 20 percent to $285 million, largely due to challenges in its Supply Chain Solutions (SCS) business and investment in digitalization.

Adjusted profit attributable to shareholders fell 15.9 percent, to $117 million from $139 million in 2017. Revenues declined 6.2 percent to $12.7 billion from $13.53 billion.

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