2011 - Li & Fung Limited

PERFORMANCE
In 2011, Group turnover increased by 26% to US$20,030
million. Profit attributable to shareholders was US$681 million,
an increase of 24% compared to 2010 (US$548 million).
Earnings per share were 8.43 US cents compared with 7.17 US
cents for 2010.
The Board of Directors has resolved to declare a dividend of
34 HK cents per share (2010: 26 HK cents, adjusted for the
effect of Share Subdivision in May 2011).
CHAIRMAN’S STATEMENT (CONTINUED)
MARKET & BUSINESS
In past years, our business strategy has been based on
sourcing goods in Asia for consumption in developed markets
such as the US and Europe. Indeed, OECD countries are
currently responsible for 80% of global consumption. Moving
forward, we are adjusting our strategy to take advantage of
domestic consumption increases throughout Asia, particularly
among its most populous economies, such as China. In
2010, the US and Europe accounted for 89% of the Group’s
turnover. In 2011 that figure shrank to 81%, with China and
the rest of Asia making up the difference. The Group’s ability
to capture business in such promising new consumer markets
is a welcome development and one that we feel will help us
continue to offset the sluggish global economy.
PROFIT ATTRIBUTABLE TO SHAREHOLDERS EARNINGS PER SHARE | DIVIDENDS PER SHARE
US$ million
700
600
500
400
300
200
100
0
311
08
432
09
3-YEAR PLAN
548
10
681
11
1st Year
US cents
10
8
6
4
2
0
4.44*
3.65*
5.83*
4.81*
7.17*
5.77*
8.43
08 09 10 11
3-YEAR PLAN
Earnings per Share
Interim and Final Dividend per Share
* Adjusted for the effect of Share Subdivision in May 2011
6.79
1st Year
LI & FUNG LIMITED | ANNUAL REPORT 2011
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