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  1. China Resources earnings surge

    Posted Nov 20th 2007, 12:00am by Denise Tsang

    ... Denise Tsang Red chip China Resources Enterprises' underlying profit the first nine months of this year surged 17.6 per cent year on year, above the consensus forecast, to HK$1.75 ... the group, which operates supermarket chains and distributes apparel, livestock and frozen food, had benefited from the mainland's economic growth, which powered ahead at 11.5 per cent ...

  2. Resources stocks shine after metal prices surge

    Posted Sep 30th 2005, 12:00am by Staff Reporter

    ... that stole most of the thunder with hefty gains in most metal and resources stocks after the price of copper hit a record and gold and oil prices climbed. Some short covering after the Hang Seng ... were starting to become more favourable towards H shares also played a role, brokers said. The unveiling of a much-anticipated China emergency fund that would protect investors in case ...

  3. China Petrochemical escapes full resource tax

    Posted Oct 15th 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com China Petrochemical, the mainland's second-largest oil and gas producer, will not have to pay the full resource tax rate as Beijing plans to charge less ... of output basis, which meant the taxes collected did not rise along with energy prices. Assuming Sinopec and rival PetroChina will pay a resource tax rate of about 4 per cent, as most ...

  4. Property, power firms sell HK$5.4b of shares

    Posted Oct 04th 2007, 12:00am by Staff Reporter

    ... Tim LeeMaster and Wong Ka-chun China Properties Group, a mainland developer, and China Resources Power Holdings, the fourth-largest Hong Kong-listed mainland power producer by installed ... The Children's Investment Fund Management. Merrill Lynch arranged the sale. Meanwhile, China Resources Power is raising as much as HK$4.96 billion from the sale of new shares, according to a term sheet ...

  5. China Resources posts 12.3pc drop in profit

    Posted Nov 20th 2008, 12:00am by Carol Chan

    ... Carol Chan China Resources Enterprise warned of a tougher operating environment after posting a 12.3 per cent drop in third-quarter earnings. Profit for the three months to September ... to HK$2.16 billion on a turnover of HK$50.14 billion, excluding gains from the disposal of its petroleum business in June last year. China Resources, which operates supermarkets and produces Snow ...

  6. China Resources profit jumps 194pc

    Posted Sep 06th 2007, 12:00am by Carol Chan

    ... Carol Chan Red-chip conglomerate China Resources Enterprise yesterday posted a 194.49 per cent jump in first-half net profit on the sale of its petrol stations and said it would raise ... faster than expected so we need to revise the [expenditure] budget upwards,' he said. China Resources spent about HK$6.2 billion in the first half, mostly on beverage and retail acquisitions ...

  7. China Resources Land income soars 62.9pc

    Posted Sep 15th 2007, 12:00am by Yvonne Liu

    ... Yvonne Liu China Resources Land, a Hong Kong-listed red-chip developer, posted a 62.9 per cent growth in its first-half net profit, thanks to the increase in property prices and completed ... profit margin dropped to 38.3 per cent from 40.7 per cent a year earlier, crimped by the land appreciation tax, which jumped to HK$95 million from HK$16 million. China Resources Land booked ...

  8. Drug firm in sights of China Resources

    Posted Mar 20th 2007, 12:00am by Carol Chan

    ... Carol Chan State group to make pharmaceuticals business its new earnings driver State-owned conglomerate China Resources (Holdings) is in talks to buy out the country's top drugmaker Sanjiu Enterprise Group as it aims to make pharmaceuticals its new earnings driver. 'We're seeking to buy 100 per cent of Sanjiu,' president Charley Song Lin said. China Resources ...

  9. Retail sales lift China Resources profit 10pc

    Posted May 24th 2007, 12:00am by Carol Chan

    ... Carol Chan Red-chip conglomerate China Resources Enterprise said profit surged 10 per cent in the first quarter as its core retail business continued to benefit from the mainland's ... was under the Snow brand, which saw sales volumes jump 96 per cent to 824,000 kilolitres to remain the mainland's most popular brand. Despite sales growth, China Resources booked a HK$32 ...

  10. Orient targets shale gas resources

    Posted Mar 06th 2012, 12:00am

    ... Consultative Conference. However, he declined to say how much investment the food-trading-to-financial-services enterprise is planning to plough into the nascent industry. China has the world's largest technically recoverable shale gas resources amounting to 1,275 trillion cubic feet, according to a report by the United States Energy Information Administration. This is about 50 per cent ...




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