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  • April 25, 2014
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  1. Business - China Business - EARNINGS

    Unicom's 74 pc profit jump beats estimates

    Posted Apr 18th 2014, 01:17am by Sophie Yu

    ... 74 pc profit jump beats estimates China Unicom (Hong Kong) reported a 74 per cent year-on-year increase in net profit for the first quarter as it beat analysts' estimates due ... earlier. China Unicom shares ended 0.4 per cent higher at HK$10.48, against a 0.3 per cent rise in the Hang Seng Index yesterday. ZTE, which supplies telecommunications operators with mobile phones ...

    http://www.scmp.com/business/china-business/article/1486383/unicoms-74-pc-profit-jump-beats-estimates
  2. Business - Companies - EARNINGS

    Apple sales surprises even the bulls

    Posted Apr 25th 2014, 12:45am by Reuters

    ... million Wall Street had predicted. That drove a 4.6 per cent rise in revenue to US$45.6 billion, beating Wall Street's projections. Executives singled out China and Japan, where iPhone sales jumped by strong double-digits, boosted by the recent inclusion of NTT Docomo and China Mobile as carrier partners. ...

    http://www.scmp.com/business/companies/article/1496308/apple-sales-surprises-even-bulls
  3. Business - Companies - EARNINGS

    Hardware sector to remain a drag on IBM as quarterly revenue hits 5-year low

    Posted Apr 18th 2014, 01:17am by Reuters

    ... 11 per cent in emerging markets such as Brazil, Russia, India and China. Software was the only major business to show some growth, with revenue rising 1.6 per cent to US$5.66 billion, ...

    http://www.scmp.com/business/companies/article/1486376/hardware-sector-remain-drag-ibm-quarterly-revenue-hits-5-year-low
  4. Business - China Business - EARNINGS

    China Southern net down 24pc as perks face cuts

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

    ... Keira Lu Huang keira.huang@scmp.com China Southernnet down 24pc as perks face cuts To deal with the expected impact of Beijing's austerity drive, China Southern Airlines- ... regulation will affect the performance of our first and business class," Si told China Southern's annual results briefing. "So we need to follow the market demands to optimise our ...

    http://www.scmp.com/business/china-business/article/1462044/china-southern-net-down-24pc-perks-face-cuts
  5. Business - China Business - EARNINGS

    Weaker demand and competition hit China Eastern

    Posted Mar 28th 2014, 01:40am by Keira Lu Huang

    ... Keira Lu Huang keira.huang@scmp.com Mainland carrier's profit drops 23 per centbut is still better than expected by the market Weaker demand and competition hit China Eastern Following the sluggish performance of Air China, the country's second-largest carrier by passenger numbers- China Eastern Airlines- also reported weaker profit last year. The Shanghai-based ...

    http://www.scmp.com/business/china-business/article/1458865/weaker-demand-and-competition-hit-china-eastern
  6. Business - China Business - EARNINGS

    Strong BMW venture sales lift Brilliance China profit 47 per cent

    Posted Mar 28th 2014, 01:40am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Strong BMW sales lift Brilliance China profit Brilliance China Automotive posted a 46.6 per cent growth in profit last year on the back ... by 28.4 per cent to 265,400 units, and 306,300 units next year, he said in a research note. Wu Xiaoan, the chairman of Brilliance China, said the BMW joint venture continued with its expansion ...

    http://www.scmp.com/business/china-business/article/1458867/strong-bmw-venture-sales-lift-brilliance-china-profit-47
  7. Business - China Business - EARNINGS

    China Life Insurance gears up to tackle slowing market

    Posted Mar 27th 2014, 12:58am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com China Life gears up to tackle slowing market China Life Insurance, the mainland's largest insurer, hopes to secure better profit margins ... business and target stable volume growth. "The life insurance business will see slower growth in the coming decade," Lin said, adding that transformation and adjustment of China ...

    http://www.scmp.com/business/china-business/article/1458098/china-life-insurance-gears-tackle-slowing-market
  8. Business - Banking & Finance - EARNINGS

    Bank of China (Hong Kong) flags cut to dividend payout ratio

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

    ... Kanis Li kanis.li@scmp.com Move by Bank of China unit from this year is aimed at meeting higher capital requirements and follows 6.3pc rise to record profit for 2013 BOCHK flags cut to dividend payout ratio Bank of China (Hong Kong), the subsidiary of Bank of China in the city, plans to cut its dividend payout ratio to shareholders despite seeing its net profit rise 6.3 per cent ...

    http://www.scmp.com/business/banking-finance/article/1458119/bank-china-hong-kong-flags-cut-dividend-payout-ratio
  9. 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
  10. 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 on year to a combined 796.9 billion yuan (HK$1 trillion), a poll of eight analysts conducted by the South China Morning Post found. Mainland banks will begin reporting full-year results this week, ...

    http://www.scmp.com/business/banking-finance/article/1455750/big-four-mainland-china-banks-see-profit-growth-slowing

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