Li Ning narrows losses in H1

Sportswear firm benefits from measures to cut expenditure

Chinese sportswear maker Li Ning Co Ltd on Thursday posted a narrower first-half loss as it resumed opening new sales outlets in lower-tier cities after years of restructuring, and said it aims to return to profit by the end of this year.

The stock jumped more than 9 percent in early trade to HK$4.26, its highest since June 4 and outpacing a 0.6 percent rise in the benchmark Hang Seng Index.