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  • August 23, 2014
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  1. Business - China Business - EARNINGS

    Citic Pacific posts 9.1pc rise in profit

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

    ... Eric Ng eric.mpng@scmp.com Over-budgeted iron ore project dark spot as company reports9.1 per cent profit rise Citic Pacific expects more losses in Australia Citic Pacific ... 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 ...

  2. Business - Companies - EARNINGS

    Citic's Australian project 2 years from finish line

    Posted Feb 28th 2013, 12:45pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Hong Kong flagship's net profit drops by a quarter as more losses bleed from iron ore Citic Pacific, the Hong Kong flagship of state-owned conglomerate ... procurement and construction contractor, Metallurgical Corporation of China (MCC), said in late January the US$3.4 billion budget agreed with Citic Pacific just over a year ago was insufficient ...

  3. Business - Companies - EARNINGS

    Cathay Pacific profit surges but falls short of estimates

    Posted Aug 13th 2014, 02:10pm by SIJIA JIANG

    ... profit at Cathay Pacific Airways rose to HK$347 million from HK$24 million in the same period last year but still fell short of the company's and analysts' expectations. Chairman John ... and signs of pickup in cargo load, Slosar said. Shares of Cathay, which includes Cathay Pacific and Dragonair, dropped 1.74 per cent to end yesterday at HK$14.68. In contrast, the benchmark Hang ...

  4. Business - Companies - EARNINGS

    Singamas braces for big rush in container orders

    Posted Aug 21st 2014, 04:04pm by JING YANG

    ... operator of container depots and terminals in the Asia-Pacific region. Many of our US customers say our products are superior to those made in the US TEO SIONG SENG, SINGAMAS CONTAINER ... Teo is also the managing director of Singapore's Pacific International Lines, the controlling shareholder of Singamas and the world's 16th-largest container shipping line ...

  5. Business - Companies - EARNINGS

    Interim underlying profit at Swire Properties jumps 34pc

    Posted Aug 14th 2014, 03:20pm by PEGGY SITO AND YVONNE LIU

    ... looking to build on its gains as it expected a positive performance in the second half. The strong result also gave a earnings boost to its parent Swire Pacific. The conglomerate said its ... resulted in retailers becoming more cautious SWIRE PROPERTIES John Slosar, who chairs both Swire Pacific and Swire Properties, said demand for space in Swire Properties' office buildings ...

  6. Business - Companies - EARNINGS

    PCCW eyes new investments as core businesses post steady gains

    Posted Aug 07th 2014, 05:46am by BIEN PEREZ

    ... billion the previous year. Excluding property and investment division Pacific Century Premium Developments, the company's total interim core revenue rose 13 per cent to HK$14.44 billion from ...

  7. Business - Companies - EARNINGS

    Hutchison Telecom expects better days ahead after drop in 1H net profit

    Posted Jul 31st 2014, 01:24am by BIEN PEREZ

    ... to HK$6.23 billion from HK$6.15 billion a year ago. Alvin Kwock, the Asia-Pacific head of technology research at JP Morgan Securities, said the launch of Apple's much-anticipated iPhone ...

  8. Business - China Business - EARNINGS

    Asset sale boosts Cosco Pacific profit

    Posted Mar 26th 2014, 06:34am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Port operator eyes overseas targets after net jumps 105 per cent on selling stake in CIMC Asset sale boosts Cosco Pacific profit Cosco Pacific said its ... cent of global throughput, was ahead of the 3.3 per cent rise in the global average. Cosco Pacific's mainland ports throughput rose 10 per cent year on year, compared with 10.4 per cent ...

  9. Business - Commodities - EARNINGS

    Weak market hammers Daye Special Steel and Angang Steel

    Posted Oct 26th 2012, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Citic Pacific's Shenzhen unit sees profit drop 86pc in quarter while Angang dives into the red Weak market hammers steelmakers The slowdown in the mainland's steel industry reduced profit at Daye Special Steel, a Shenzhen-listed subsidiary of Citic Pacific, and created losses for Angang Steel, which is listed in Hong Kong. Daye's net ...

  10. Business - Banking & Finance - EARNINGS

    China Citic Bank braces for austerity challenges

    Posted Aug 28th 2013, 12:00am by JANE CAI

    ... Jane Cai jane.cai@scmp.com Citic Bank eyes lower risk as bad loans rise China Citic Bank said its business model faced austere challenges after posting a 5.07 per cent growth in net profit in the first half and a 93.7 per cent surge in impairment losses. Net earnings were 20.25 billion yuan (HK$25.5 billion) in the first six months, Citic Bank, the nation's seventh-largest lender ...




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