Yue Yuen reports 6pc earnings slide
Yue Yuen Industrial (Holdings), the world's largest contract manufacturer of sports shoes, posted a net profit decline of 6 per cent to US$236 million for the nine months ended June. Turnover rose 15.3 per cent to US$2.33 billion.
Kam hing to spend $200m in capital expenditure
Knitting and fabric dyeing firm Kam Hing International Holdings will spend $200 million this year on capital expenditure, said chief financial officer Elmen Wong Wai-kong. In the first half, Kam Hing's turnover grew 8.2 per cent to $760 million, while net profit grew 4.9 per cent to $69.93 million.
Guoco posts 32pc jump in full-year profit
Property and investment firm Guoco Group yesterday reported a 32.4 per cent year-on-year jump in net profit to $3.23 billion for the year ended June 30. Turnover increased 23.6 per cent to $14.79 billion, while the firm declared a final dividend of $3 per share, up from $2.60 per share last year.
warning on profit reflected in result
China Force Oil & Grains Industrial Holdings, which had earlier issued a surprise profit warning that losses incurred on soybean oil futures contracts would affect its interim results, has posted a loss of $226.56 million for the six months ended June, compared to a profit of $42.38 million a year earlier. Turnover fell 24.7 per cent to $1.72 billion.
Kingway Brewery interim rises 15pc
Kingway Brewery Holdings yesterday reported a 15.1 per cent increase in net profit for the six months ended June 30 to $80.60 million and declared an interim dividend of 1.5 cents, the same as a year ago. Turnover increased 29.3 per cent to $516.36 million.
developer Soundwill shows strong growth
Property developer Soundwill Holdings posted a profit of $183.06 million for the six months ended June, up from $15.83 million. Turnover was 17.73 per cent higher at $74.42 million.