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  • April 21, 2014
  • Last updated: 3:14am
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  1. Business - China Business - EARNINGS

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

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

    ... businesses to improve this year, thanks to the roll-out of 4G mobile services across China." Lai said ZTE will benefit from increased demand for 4G base stations from the mainland's three nationwide operators: China Mobile, China Unicom and China Telecom. China Mobile, the world's biggest wireless network operator, plans to build the world's largest 4G network with 500,000 ...

  2. Business - Companies - EARNINGS

    SCMP Group eyes growth as Hong Kong economy improves

    Posted Mar 21st 2014, 01:04am by BIEN PEREZ

    ... the publisher of the South China Morning Post, expects the improved economy in Hong Kong to help usher in growth after the company posted a 29 per cent drop in net profit last year, mainly because ... a stronger presence in the China market as well as further enhancements on our outreach to a global digital market." The company's net profit fell to HK$223.7 million from HK$316.3 million ...

  3. Business - Companies - EARNINGS

    Li & Fung profit soars as brand spin-off eyed

    Posted Mar 21st 2014, 01:04am by TIFFANY AP

    ... Profit attributable to shareholders was US$725 million, a gain of 17 per cent from a year ago. Turnover increased 3 per cent to US$20.75 billion. The group said it would acquire China Container ...

  4. 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 ...

  5. Business - China Business - EARNINGS

    China Southern net down 24pc as perks face cuts

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

    ... Air China said it would focus on independent high-end tourists while China Eastern said it would eye the low-cost carrier market to make up for the loss in premier cabins. China Southern also ... 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- ...

  6. Business - China Business - EARNINGS

    Weaker demand and competition hit China Eastern

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

    ... cabins, China Eastern is eyeing the low-cost flight business. With its subsidiary China United Airlines moving into the second airport in Beijing, the company is considering the potential ... 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 ...

  7. 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, ...

  8. 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 ...

  9. 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 statement. It became the mainland's third Big Four bank to beat estimates. Bank of China and Industrial and Commercial Bank of China, which was recently named the most profitable lender ...

  10. 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 ...




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