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  • November 29, 2014
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  1. Business - Companies - EARNINGS

    Japan's Sony targets 70pc jump in electronic devices revenue

    Posted Nov 26th 2014, 05:09am by Reuters

    ... but said it would issue guidance by the end of March next year. The company said it would be cutting its smartphone product portfolio and revising its sales and marketing strategy by region ... per cent and 30 per cent over the next three years. It said it might cut the size of its product portfolio by 30 per cent. It forecast game division sales of between 1.4 trillion yen and 1.6 ...

  2. Business - Companies - EARNINGS

    Chow Tai Fook outlook dulls as profit drops 23pc

    Posted Nov 26th 2014, 04:55am by Reuters

    ... Reuters Protests take toll on sales at the jewellery retailer despite a decline in gold prices Chow Tai Fook outlook dulls as profit drops 23pc Weak sales of gold products saw Chow Tai Fook Jewellery Group, the world's largest jewellery retailer by market value, post a 23 per cent drop in half-year profit yesterday. The company reported net profit of HK$2.69 billion ...

  3. Business - Companies - EARNINGS

    Harmony Gold mulls job cuts as gold price slumps

    Posted Nov 06th 2014, 06:08am by Reuters

    ... with illegal miners. Unveiling its financial results for the three months to September, the company said its losses narrowed by 78 per cent to 226 million rand (HK$157.6 million) as production output ... was started by illegal miners. Although no one was harmed in any of these fires, it did result in 10 production days lost in October," Harmony said in its results statement. The company ...

  4. Business - Companies - EARNINGS

    Mobile sales ramp-up key to driving JD.com growth over time

    Posted Nov 17th 2014, 05:08am by BIEN PEREZ

    ... the mainland's largest online direct sales company, saw a significant rise in mobile transactions on its "Singles Day" promotion last Tuesday, which could signal improvement for its second set ... advantage," company founder, chairman and chief executive Richard Liu Qiangdong said. This customer experience was nowhere more apparent than in its strong mobile sales growth on Singles Day, ...

  5. Business - Companies - EARNINGS

    Asia continued to drive Samsonite luggage sales in third quarter

    Posted Nov 03rd 2014, 10:28am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Samsonite, the world’s largest travel luggage company, saw strong sales in the third-quarter boosted by demand in Asia, but reported that net income ... from US$529.2 million a year earlier. Sales in Asia, which remains the company’s biggest geographical market, grew 20.1 per cent to US$242.4 million from US$199 million the previous year. Asia ...

  6. Business - Companies - EARNINGS

    Alibaba seen posting solid numbers in first earnings report since US IPO

    Posted Nov 03rd 2014, 04:19am by BIEN PEREZ

    ... smart, that have flexible teams, that are product based and that push us … Jack has a company that is exactly like that … I think he's a brilliant guy, he has brilliant people in the company," Cook said. "So if we can find some areas of common space, I love it." Ma also disclosed at the conference that Alibaba was seeking to forge new partnerships with the large, ...

  7. Business - Companies - EARNINGS

    Samsung Electronics' profit falls to 3-year low on smartphone slump

    Posted Oct 30th 2014, 01:19pm by Reuters

    ... result since the second quarter of 2011. For the fourth quarter, the company said it "cautiously expects an earnings increase, driven by strong seasonal demand for televisions and continued ... 4 launch last month and the expected release of new low-end products in the October-December quarter are seen lifting smartphone sales slightly, analysts say the days of record mobile profits ...

  8. Business - Commodities - EARNINGS

    China Nickel Resources narrows first-half loss but gloomy over market

    Posted Oct 09th 2014, 10:48am by CHIM SAU-WAI

    ... for steel products remained low during the period. A mineral ore export ban in Indonesia had interrupted the company’s ores trading business and it expected the impact on its financial and operating ... of the year narrowed to HK$70.7 million from HK$102 million a year ago. The company, in a results announcement on Wednesday, cited pressures on its business from continued oversupply in the Chinese ...

  9. Business - Companies - EARNINGS

    Taiwan chipmaker TSMC enjoys record net profit

    Posted Oct 17th 2014, 05:29am by Reuters

    ... clients to a record net profit in the third quarter, handily beating market expectations. Industry watchers said the company nabbed orders for the chips in the latest smartphones from Apple, which ... of NT$76.3 billion (HK$19.4 billion) in the third quarter of the year, compared with the NT$72.9 billion predicted by analysts. It also helped the company notch a 26 per cent quarter-on-quarter rise ...

  10. Business - Companies - EARNINGS

    Esprit reverses huge loss with HK$210m net profit on cost cuts

    Posted Sep 24th 2014, 03:47am by Sophie Yu

    ... dropped 6.5 per cent to HK$24.2 billion from HK$25.9 billion as the company closed some unprofitable stores. The Hong Kong-based company also forecast a better profit margin as it would "actively protect the profitability" of its product lines by improving supply chain management, the company said. However, Esprit's future is still full of challenges, according to Lyncean ...




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