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  • April 18, 2014
  • Last updated: 6:22pm
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  1. Business - Banking & Finance - EARNINGS

    Construction Bank profit grows 11pc on interest income and cost controls

    Posted Mar 31st 2014, 05:27am by Zhang Hong

    ... Zhang Hong in Beijing hong.zhang@scmp.com Interest income boosts CCB profit 11pc China Construction Bank, the mainland's second-biggest bank by assets, recorded an 11 per cent gain in net profit to 214.7 billion yuan (HK$270 billion) for last year, thanks to steady growth in net interest income and effective control of operating costs. Net income was higher than the 193.2 ...

  2. Property - Hong Kong & China - EARNINGS

    Battle for control looms over Midland amid record loss since listing

    Posted Mar 29th 2014, 01:14am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Real estate broker receives an offer from a mystery investor to buy a 10pc stake after it posts its biggest loss since listing in 1995 Battle for control looms over Midland A battle for control looms on the horizon for Midland as a mystery investor offers to buy 10 per cent of the Hong Kong-listed real estate broker on the heels of it posting its ...

  3. Business - Banking & Finance - EARNINGS

    Credit Suisse misses estimates with 34pc profit fall

    Posted Apr 17th 2014, 01:09am by BLOOM

    ... Chase. "This was a miss led by fixed-income and equity trading, with a slight beat in wealth management on cost control and in-line performance in retail and asset management," wrote ...

  4. Business - China Business - EARNINGS

    China Southern net down 24pc as perks face cuts

    Posted Apr 01st 2014, 01:20am by Keira Lu Huang

    ... said it is interested in the low-cost market. "The structure of passengers is going to be more popularised," Zhang said. "As prices fall, cost-control has become an important ...

  5. Property - Hong Kong & China - EARNINGS

    Nan Fung finds ways to reduce construction costs

    Posted Apr 01st 2014, 02:49pm by Yvonne Liu

    ... to maintain quality control. "We are trying to increase productivity and lower construction costs with different strategies. It could start from the design of the floor plan," Choi said. ...

  6. Business - Banking & Finance - EARNINGS

    Dah Sing Bank taps market for cash after profit increases

    Posted Mar 27th 2014, 12:58am by KANIS LI

    ... the smallest family-controlled lender in the city, said net profit rose 18.6 per cent to HK$1.7 billion owing to an increase in interest income as the bank outlined plans to raise as much as HK$1.2 ... 0.3 percentage point higher than six months ago. Core tier-1 ratio rose 0.4 percentage point to 10.4 per cent. Only three family-controlled lenders remained in the city after Chong Hing Bank ...

  7. Business - Banking & Finance - EARNINGS

    ICBC profit climbs 10.2 per cent on fees, high net interest margins

    Posted Mar 28th 2014, 01:40am by Zhang Hong

    ... Zhang Hong in Beijing hong.zhang@scmp.com Bank still sees challenges ahead as it boosts liquidity and interest rate pricing management while striving to control liability costs ICBC profit ... currency. The bank acknowledged though that there will be challenges ahead. "[We] reinforced liquidity management and interest rate pricing management, strived to control liability costs ...

  8. Business - Commodities - EARNINGS

    Nexen costs eat into CNOOC profit

    Posted Mar 29th 2014, 01:13am by Eric Ng

    ... out of control." Total operating cost per unit of output surged 26 per cent to US$45 a barrel of oil equivalent, while average oil selling price fell 5.3 per cent to US$104.60 a barrel. ...

  9. Business - China Business - EARNINGS

    ZTE eyes new 'wearable' products amid increased push into 4G market

    Posted Mar 27th 2014, 12:58am by BIEN PEREZ

    ... camera controller, a pedometer and caller ID display, and can be used to access social media. ZTE returned to profit through stringent cost controls over the execution of low-margin contracts ...

  10. Business - Banking & Finance - EARNINGS

    BOC boosts net profit 12.3pc

    Posted Mar 27th 2014, 12:58am by Zhang Hong and Celine Sun

    ... to 124 billion yuan. Non-interest income represented 30.41 per cent of the company's operating income, an increase of 0.58 percentage point compared with 2012. In cost control, cost-income ...




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