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      Li Ning sees H1 loss of $100m

      2014-08-15 10:37 Global Times/Agencies Web Editor: Qin Dexing
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      Chinese sportswear maker Li Ning Co Ltd said it made a first-half net loss of nearly $100 million as it soaked up one-off charges and the cost of opening more stores.

      Li Ning said in a filing sent to the Hong Kong Stock Exchange on Thursday that its net loss widened to 585.8 million yuan in the first half of 2014 from a net loss of 184.2 million yuan in the same period a year earlier.

      But the sportswear maker said first-half revenue rose 8 percent year-on-year to 3.14 billion yuan, helped by higher sales of new products as it expanded its chain of directly operated stores.

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