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  • July 23, 2014
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  1. Business - Companies - EARNINGS

    Jeweller Luk Fook posts record profit of HK$1.86b after gold binge

    Posted Jun 27th 2014, 01:04am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Full-year result of HK$1.86b for the jeweller swelled by strong sales of the precious metal following price falls Luk Fook posts record profit after gold binge Jeweller Luk Fook Group announced that yearly attributable profit surged 50 per cent year on year to a record HK$1.86 billion, boosted by high-volume gold sales after prices of the metal ...

    http://www.scmp.com/business/companies/article/1541297/jeweller-luk-fook-posts-record-profit-hk186b-after-gold-binge
  2. Business - China Business - EARNINGS

    Huawei sees solid year after first-half sales grow 19 per cent

    Posted Jul 22nd 2014, 12:29am by BIEN PEREZ

    ... (LTE) mobile networks and smartphones. Privately held Huawei yesterday said in a statement its first-half revenue grew 19 per cent to 135.8 billion yuan (HK$169.5 billion) from 113.8 billion ...

    http://www.scmp.com/business/china-business/article/1557079/huawei-sees-solid-year-after-first-half-sales-grow-19-cent
  3. Business - China Business - EARNINGS

    SMIC boosts margins on way to ninth straight profitable quarter

    Posted Jul 22nd 2014, 12:29am by BIEN PEREZ

    ... this month the "Guidelines to Promote National IC Industry Development", which would help the mainland's integrated circuit market reach 350 billion yuan (HK$440 billion) in sales next ...

    http://www.scmp.com/business/china-business/article/1557110/smic-boosts-margins-way-ninth-straight-profitable-quarter
  4. Business - China Business - EARNINGS

    China's airlines hit hard by weaker yuan

    Posted Jul 17th 2014, 01:22am by SIJIA JIANG

    ... net profit for the first half to drop 55 to 65 per cent from last year's 1.1 billion yuan (HK$1.37 billion). China Southern, the nation's largest airline by fleet size, announced ...

    http://www.scmp.com/business/china-business/article/1555470/chinas-airlines-hit-hard-weaker-yuan
  5. Business - Companies - EARNINGS

    Fast Retailing cuts 2014 profit forecast

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... Bloomberg in Tokyo Fast Retailing cuts annual profit forecast Fast Retailing, Asia's biggest clothing retailer, cut its forecast for annual profit for the second time in the current fiscal year, citing losses from its J Brand fashion unit in the US. Net income will probably be about 78 billion yen (HK$5.95 billion) for the year ending August, lower than its previous forecast ...

    http://www.scmp.com/business/companies/article/1551432/fast-retailing-cuts-2014-profit-forecast
  6. Business - Companies - EARNINGS

    Silver Base turns to its CEO for financial help

    Posted Jul 01st 2014, 04:05am by TIFFANY AP

    ... to sustain the group as a going concern, [Liang] has agreed to provide continuous financial support to the group," it said. Silver Base recorded a loss of HK$787.4 million for the past financial year, compared to a loss of HK$1.13 billion in the previous year. Revenue increased 25.4 per cent to HK$489.1 million from HK$390.2 million. The company's source of revenue, which used ...

    http://www.scmp.com/business/companies/article/1543914/silver-base-turns-its-ceo-financial-help
  7. Business - Companies - EARNINGS

    Samsung signals 25pc drop in operating profit

    Posted Jul 08th 2014, 10:28am by Reuters

    ... phones in emerging economies. Samsung said operating profit likely fell to 7.2 trillion won (HK$55.1 million) during the quarter. That compared with an 8.3 trillion won mean estimate of analysts ...

    http://www.scmp.com/business/companies/article/1549426/samsung-signals-25pc-drop-operating-profit
  8. Business - Banking & Finance - EARNINGS

    Japanese banks failing to reward investors

    Posted Jul 05th 2014, 01:51am by BLOOM

    ... and Sumitomo Mitsui raised about 5 trillion yen (HK$380 billion) by selling shares from December 2008 to July 2010 as global regulators pushed for greater capital buffers to avoid another crisis. ...

    http://www.scmp.com/business/banking-finance/article/1546981/japanese-banks-failing-reward-investors
  9. Business - China Business - EARNINGS

    Car dealer Sparkle seeks to regain glitter with new products

    Posted Jun 24th 2014, 05:58am by Sophie Yu

    ... for the year to March, caused by thinning profit margins because of a rise in competition from cities near Beijing. Revenue increased 5 per cent to HK$3.16 billion while net profit dropped to HK$17.3 million, compared with HK$66 million the previous year. With showrooms featuring Bentley, Rolls-Royce and Lamborghini cars in Beijing, the vehicle business is Sparkle's major income driver, ...

    http://www.scmp.com/business/china-business/article/1539230/car-dealer-sparkle-seeks-regain-glitter-new-products
  10. Business - Companies - EARNINGS

    Foxconn chief Gou calls for patience as he invests to tap new markets

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... Hon Hai posted a 1.2 per cent increase in revenue last year to NT$3.95 trillion (HK$1 trillion), missing Gou's target. Net income climbed 13 per cent to a record NT$107 billion as Foxconn ...

    http://www.scmp.com/business/companies/article/1540545/foxconn-chief-gou-calls-patience-he-invests-tap-new-markets

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