China Motor Bus interim earnings rise to $84.2m
China Motor Bus, which operates bus services on Hong Kong island, said it earned $84.22 million in the six-month period to December 31, up 8.5 per cent over the same period in 2002. Basic earnings per share rose to $1.85 against $1.70 a year ago. An interim dividend of 10 cents a share will be paid in addition to a special dividend of 40 cents.
Cross-harbour annual profit climbs to $87.2m
Toll operator Cross-Harbour (Holdings) said its net profit climbed 41.3 per cent to $87.23 million for the year to December. The company, which runs the main thoroughfare linking Hong Kong island with Kowloon, said it would recommend a final dividend of five cents a share, unchanged from 2002. No details were given on the bottom lines.
Softbank investment narrows losses to $118.2m
Softbank Investment International (Strategic), with businesses ranging from financial services provision to investing in property and technology-related investments, said losses narrowed to $118.42 million in the 12 months to December 31 from $497.46 million in 2002. No dividend will be paid.
China telecom approval
China Telecom Corp yesterday said it received regulatory approval to issue in the United States up to US$1 billion worth of debt securities or H shares after a 'shelf registration' with the Securities and Exchange Commission became effective on March 17.