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  • August 28, 2014
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  1. Business - China Business - EARNINGS

    Air China hit hard as yields tumble

    Posted Mar 26th 2014, 05:29am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Mainland carrier blames competition from budget rivals and high-speed railway as profit drops 32 per cent to miss market forecasts Air China hit hard as yields tumble Beijing-based Air China said net profit sank 32 per cent last year to 3.26 billion yuan (HK$4.07 billion) as revenue per passenger slid and air cargo operations bled from soft ...

    http://www.scmp.com/business/china-business/article/1457345/air-china-hit-hard-yields-tumble
  2. Business - China Business - EARNINGS

    China's airlines hit hard by weaker yuan

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

    ... the other two major state airlines, Air China and China Southern Airlines, in issuing a profit warning for its interim results. Air China, the country's flag carrier, said on Monday it expected ... growth of the mainland economy. Air China reported 111.6 billion yuan of interest-bearing debt last year, 70 per cent of which was in dollars. China Southern and China Eastern, which did ...

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

    China Telecom user base shrinks amid rivalry

    Posted Aug 28th 2014, 05:03am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Mobile network operator aims to step up its 4G push in the second half, which is likely to strengthen its position vis-a-vis leader China Mobile China Telecom loses users amid rivalry China Telecom Corp lost 5.34 million mobile subscribers in the first half of this year as competition intensified in the country's saturated telecommunications ...

    http://www.scmp.com/business/china-business/article/1581335/china-telecom-user-based-shrinks-amid-rivalry
  4. Business - China Business - EARNINGS

    Insurer China Life diversifies with bid for Sinopec retail unit

    Posted Aug 28th 2014, 05:03am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Mainland insurer targeting petrol station chain after reporting 13pc rise in first-half net profit China Life in bid for Sinopec unit China Life Insurance is seeking to diversify its investment portfolio by planning to invest in China Petroleum & Chemical Corp's (Sinopec) retail unit after reporting better-than-expected ...

    http://www.scmp.com/business/china-business/article/1581324/insurer-china-life-diversifies-bid-sinopec-retail-unit
  5. Business - Banking & Finance - EARNINGS

    Dah Sing profit climbs 29pc on lower China lending

    Posted Aug 28th 2014, 05:03am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Dah Sing profit up 29pc on lower China lending Dah Sing Banking Group, which owns Hong Kong's last family-owned bank, posted HK$1.4 billion in net ... Comercial de Macau and Dah Sing Bank (China). Shares of both companies rallied on the news. The banking group's stock closed up 1.9 per cent to HK$14 while Financial Holdings shares rose ...

    http://www.scmp.com/business/banking-finance/article/1581319/dah-sing-profit-climbs-29pc-lower-china-lending
  6. Business - Companies - EARNINGS

    China Agri-Industries issues profit warning after losing HK$374m in July

    Posted Aug 27th 2014, 01:42pm by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com China Agri-Industries, the mainland’s largest listed agricultural producer and supplier, issued profit warning for the second half on Wednesday after losses ballooned last month. The company, controlled by state-backed conglomerate Cofco, recorded a net loss of HK$374 million in July, after losing HK$290 million in the first half. In an exchange filing, ...

    http://www.scmp.com/business/companies/article/1581124/china-agri-industries-issues-profit-warning-after-losing-hk374m
  7. Business - China Business - EARNINGS

    Drilling division’s 32.6pc jump in profit boosts China Oilfield Services

    Posted Aug 27th 2014, 10:15am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shares of China Oilfield Services (COSL), the nation’s dominant offshore oil and gas drilling services provider, rose 8.5 per cent on Wednesday after it posted ... deep-water wells in the South China Sea, which had higher day rates. “Excluding this and the Statoil settlement, profit was relatively stable year on year,” he said, adding drilling day rates were ...

    http://www.scmp.com/business/china-business/article/1581056/drilling-divisions-326pc-jump-profit-boosts-china-oilfield
  8. Business - Commodities - EARNINGS

    China Datang expects use of wind farms to rise in second half

    Posted Aug 27th 2014, 01:27am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Weak resources in the first half result innet loss for the mainland power company Datang expects use of wind farms to rise in second half China Datang Corp ... dropping in the first half because of weak wind resources and causing the firm to fall into a net loss. The Hong Kong-listed unit of China Datang Group was aiming for full-year plant utilisation ...

    http://www.scmp.com/business/commodities/article/1580989/china-datang-expects-use-wind-farms-rise-second-half
  9. Business - Banking & Finance - EARNINGS

    Agricultural Bank of China's net profit grows by 12.65 per cent

    Posted Aug 27th 2014, 01:27am by DON WEINLAND

    ... Agricultural Bank leads way in profit growth Agricultural Bank of China, the mainland's fourth-largest lender by assets, posted the strongest net profit growth along with the highest ... of growth than at Bank of China and Bank of Communications, both of which reported interim earnings last week. That puts Agricultural Bank well above the sector average for non-performing loans ...

    http://www.scmp.com/business/banking-finance/article/1580998/agricultural-bank-chinas-net-profit-grows-1265-cent
  10. Business - China Business - EARNINGS

    Want Want profit rises 3.5pc as China Foods’ losses shrink 56pc

    Posted Aug 26th 2014, 03:36pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com First-half net profit at Want Want China rose 3.5 per cent from the same period a year earlier to US$318.5 million. The mainland’s top maker of snacks posted ... – respectively accounted for 16.4 per cent, 53.3 per cent and 30.1 per cent of total revenue. Meanwhile, China Foods, the edible-oil and beverage unit of the mainland’s largest food importer ...

    http://www.scmp.com/business/china-business/article/1580802/want-want-profit-rises-35pc-china-foods-losses-shrink-56pc

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