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  • April 16, 2014
  • Last updated: 3:46pm
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  1. Property - Hong Kong & China - EARNINGS

    Nan Fung finds ways to reduce construction costs

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

    ... ways to keep profit margins Facing soaring construction costs and falling property prices, Nan Fung Development has had to adopt new strategies to maintain its profit margins. Donald Choi Wun-hing, the company's managing director, said: "Construction costs have surged from HK$1,000 to at least HK$3,000 to HK$4,000 per square foot over the past few years. "About 50 per ...

  2. 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 the world, also beat estimates when they released their fourth-quarter earnings last week. Shares of Construction Bank have declined 8.4 per cent this year in Hong Kong, compared with the benchmark ...

  3. Business - Companies - EARNINGS

    OOIL's net profit tumbles 84pc on shipping overcapacity

    Posted Mar 10th 2014, 12:30pm by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Shipping line's hopes for rebound, after 84pc plunge in profit for last year, are buoyed by expectations of narrowing demand-supply gap OOIL counts on better view for rocky container trade Orient Overseas (International) Ltd is banking on a more positive outlook for container shipping to steer it out of choppy waters after its profits plunged ...

  4. Business - China Business - EARNINGS

    Shimao Property seals mortgage loan deal with banks

    Posted Mar 26th 2014, 06:34am by Sandy Li, Langi Chiang

    ... target to 80 billion yuan this year, 20 per cent higher than last year's 67 billion yuan. Hui said the firm had signed strategic agreements with Bank of China, China Construction Bank, ... properties to shore up cash flow to finance construction costs and land premiums and reduce debt. He said Shimao would build more "mini" shopping centres and hotels instead of large ...

  5. Business - China Business - EARNINGS

    Citic Pacific posts 9.1pc rise in profit

    Posted Feb 20th 2014, 01:59pm by Eric Ng

    ... widened. Citic Pacific chairman Chang Zhenming yesterday told reporters the amount of losses would depend on future year-end iron ore prices, production volume and the pace of construction of four ... shipping ore in December. Excluding the gain on the telecommunications sale, net profit would have been HK$5.5 billion, 20.8 per cent lower than in 2012. The company's bottom line was helped ...

  6. Business - Banking & Finance - EARNINGS

    BOC boosts net profit 12.3pc

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

    ... Bank of China reported 14.5 per cent higher net profit of 166.2 billion yuan. Industrial and Commercial Bank of China will report today and China Construction Bank will release its results ...

  7. Business - China Business - EARNINGS

    Coolpad poised for record sales this year on 4G smartphone demand

    Posted Mar 22nd 2014, 01:30am by BIEN PEREZ

    ... this year. The company plans to ship more than 30 million 4G devices and was the first to announce a 1,000 yuan (HK$1,240) model in January. Coolpad's net profit rose 7 per cent to HK$348.3 ...

  8. Business - Banking & Finance - EARNINGS

    Agricultural Bank on target with 14.5pc profit jump

    Posted Mar 26th 2014, 05:29am by KANIS LI

    ... and Commercial Bank of China tomorrow and China Construction Bank on Friday. Agricultural Bank vice-president Li Zhenjiang said the lender would consider issuing preference shares to raise its capital ...

  9. Business - Banking & Finance - EARNINGS

    Big Four mainland China banks see profit growth slowing

    Posted Mar 24th 2014, 04:45am by Jeanny Yu and Kanis Li

    ... write-offs. The Big Four- Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China- are expected to report 11 per cent growth in net income year ...

  10. Property - Hong Kong & China - EARNINGS

    Country Garden targets 20pc rise in contracted sales

    Posted Mar 13th 2014, 01:23am by Langi Chiang

    ... year, while revenue rose 49.6 per cent to 62.7 billion yuan. Rising construction, land and marketing costs as well as an increase in the proportion of flats, which are less profitable than ...




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