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  • July 10, 2014
  • Last updated: 10:54pm
Hong Kong




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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 ...

  2. 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 ...

  3. 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 ...

  4. 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. ...

  5. 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, ...

  6. 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 ...

  7. Business - Companies - EARNINGS

    Sony chief Kazuo Hirai's apology flags another year of losses

    Posted Jun 20th 2014, 12:59am by BLOOM

    ... delay." Sony has lost 85 billion yen (HK$6.46 billion) since Hirai became chief executive in 2012 and predicts a further 50 billion yen in loss this year as he struggles to revive the television ...

  8. Property - Hong Kong & China - EARNINGS

    Link Reit distributable income jumps 14pc

    Posted Jun 04th 2014, 02:10pm by Peggy Sito

    ... The Link Real Estate Investment Trust, Asia's largest reit, said its total distributable income rose 14.36 per cent year on year to HK$3.83 billion for the year to March. Revenue rose 10 per cent to HK$7.16 billion while net property income increased 12.7 per cent to HK$5.2 billion. Total distribution per unit for the year increased 13.2 per cent to HK$1.6574. That represents ...

  9. Business - China Business - EARNINGS

    CRE feels effect of economic slowdown

    Posted May 27th 2014, 01:34am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com The mainland retail and brewery giant reports 30.5 per cent lower profit of HK$356 million in first-quarter results that raise market concern CRE feels effect ... profit dropped to HK$356 million from HK$512 million a year earlier, while revenue rose 15.7 per cent to HK$41.8 billion. Besides its beer business under the "Snow" brand, CRE also has ...

  10. Business - Companies - EARNINGS

    Chinese shoe retailer Belle aims to 'remain steady' as profit falls 12pc

    Posted May 28th 2014, 01:00am by Sophie Yu

    ... aggressive footwear store expansion strategy", and set a target price of HK$6.75. Sheng said the company would slow the pace of store expansion and capital expenditure might be reduced ... dropped 2.2 per cent yesterday to close at HK$8.06, compared with a 0.1 per cent fall in the benchmark Hang Seng Index. Separately, footwear retailer Le Saunda reported a 60.3 per cent surge ...




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