HONG KONG (Nikkei Markets) -- Fosun International is targeting a return on equity of 15% or more, Chief Financial Officer Thomas Xue said on Wednesday after the Chinese conglomerate reported a 10.9% rise in net profit for the first half of 2019 a day earlier.
Nikkei Markets
Fosun International aims to boost return on equity to at least 15%
Chinese conglomerate reports 10.9% rise in net profit for first half
Fosun International now identifies itself as a consumer-focused entity rather than as a diversified investment group.
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