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  • November 25, 2014
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  1. Earnings soar as Jinhui rides market wave

    Posted Nov 19th 2004, 12:00am by Russell Barling

    ... for the three months to September. However, earnings for the first nine months remained flat at US$2.81 million after the company lost US$64.47 million on the wrong side of the freight derivatives ... Russell Barling Jinhui Holdings will look to lock its shipping fleet into long-term contracts after a resurgent dry-bulk market led the company to a 10-fold increase in third-quarter ...

  2. NetEase shares tumble 16pc

    Posted Oct 30th 2003, 12:00am by Staff Reporter

    ... services dropped 20.7 per cent to $7.6 million. After the announcement, NetEase's share price tumbled to $54.90 in after-hours trading from $65.85 at the end of the regular trading session. ... offered free services including instant messaging between personal computers and handsets. Mr Sun said the company would start charging for the service from next year. This means e-commerce sales ...

  3. Players drag HSI out of 14,000 reach

    Posted Mar 04th 2004, 12:00am by Staff Reporter

    ... reported on Monday better- but not dazzling- results for last year, and Hang Seng Bank disappointed with an earnings drop. Both HSBC and Hang Seng's earnings revealed that net interest margins had continued to shrink for local lenders, prompting analysts to downgrade their ratings and earnings projections. Bank of East Asia was hit particularly hard, shedding 3.16 per cent. ...

  4. NOL returns to black on rate rise

    Posted Aug 22nd 2003, 12:00am by Annette Chiu

    ... Singapore-listed Neptune Orient Line (NOL) was back in the black in the first half of this year as the company regained pricing power from freight rates with strong demand in key trades. The global transport and logistics company reported a net profit of US$88.7 million, compared to a $155.7 million loss in the same period of last year. Turnover improved 19 per cent to US$2.6 ...

  5. Sars and Iraq war blamed as China Eastern plunges into red

    Posted Aug 26th 2003, 12:00am by Annette Chiu

    ... tickets in June to lure passengers back on board. However, company secretary Luo Zhuping told the South China Morning Post earlier this month that discounts had been substantially reduced after ... 7 per cent to 1.03 million. Domestic revenue passenger kilometres, the distance flown by paying passengers, grew a comparative 25 per cent to 905 million last month. 'We expect the earnings ...

  6. China Airlines issues profit alert

    Posted Jul 25th 2003, 12:00am by Annette Chiu

    ... Taiwan carrier blames sharp drop in passenger revenue due to Sars outbreak The travel limitations imposed by the Taiwanese government during the Sars outbreak this year is expected to shrink China Airlines' passenger revenue from its core Hong Kong o ...

  7. SMIC posts loss as chips down industry-wide

    Posted Apr 30th 2005, 12:00am by Stuart Biggs

    ... Stuart Biggs Company may have to wait until second half to witness a stronger performance Semiconductor Manufacturing International Corp (SMIC) has announced its second consecutive ... SMIC chief executive Richard Chang, 'mainly due to industry softness and a generally tough pricing environment for foundries.' The company recorded four consecutive quarterly profits ...

  8. Mega Bloks aims at demolishing Lego's lead

    Posted May 20th 2005, 12:00am by Markus Gaertner

    ... toys producer, is gearing up for a major push by the company in Germany, the world's second-biggest market after the United States. 'We want to reach annual sales [in Germany] of up ... in the country, allowing business rivals to offer construction toys similar to the iconic Lego blocks. Last week, Mega Bloks reported a first-quarter net loss of US$1.2 million, and the company ...

  9. Chalco on hunt for smelters racking up losses

    Posted Mar 30th 2005, 12:00am by Eric Ng

    ... in the industry. It is part of a 10.5 billion yuan sending spree by the company, the majority of which is earmarked for the expansion of alumina production capacity. Chalco, the nation's dominant ... Yaqing said. Together with the acquisition of a controlling 28 per cent stake in the 160,000-tonne-a-year Lanzhou Aluminium to be completed later this year, the company's total aluminium ...

  10. Capacity increase to propel CR Power

    Posted Aug 31st 2004, 12:00am by Eric Ng

    ... Power booked an operating profit of only $216.59 million, while its associated firms booked a total of $537.19 million. The company achieved a further $207.48 million in earnings from its 10 per ... of conglomerate China Resources (Holdings), is one of the fastest-growing power producers in the mainland. The company yesterday posted a 206.8 per cent surge in net profit for the six months to June ...




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