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  • August 22, 2014
  • Last updated: 7:30am
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  1. Business - China Business - EARNINGS

    China Power International Development shares fall despite 15pc profit gain

    Posted Aug 15th 2014, 12:00pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shares of China Power International Development fell 2.5 per cent after the company posted a 15.48 per cent year-on-year rise in net profit to 1.62 billion yuan (HK$2.04 billion) for the first six months of the year. The stock was trading as low as HK$3.16 on Friday morning. The Hong Kong-listed unit of one of the Big Five state-owned power generators, ...

  2. Business - Companies - EARNINGS

    Hysan Development posts 4.7pc gain in underlying interim profit

    Posted Aug 08th 2014, 02:57pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Hysan base rents strategy pays as retail sales soften Hysan Development, the largest landlord in Causeway Bay with properties such as Hysan Place, boosted its underlying interim profit by 4.7 per cent as it relied more on base rents than turnover rents to maintain a stable income. For the six months to June, Hysan said underlying interim profit was HK$1.08 ...

  3. Property - Hong Kong & China - EARNINGS

    Cheung Kong blames profit fall on developer discounts and incentives

    Posted Aug 01st 2014, 02:06am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Property company blames dent in sales margins on price discounts and other buyer incentives from local and mainland developers Cheung Kong's first-half core profit slips 1 pc Cheung Kong (Holdings) said yesterday that its first-half core profit slipped 1 per cent to HK$7.13 billion as price discounts and incentives being offered by developers in Hong ...

  4. Business - China Business - EARNINGS

    Kaisa net profit up 34pc

    Posted Aug 20th 2014, 03:31pm by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Mainland developer Kaisa said net profit rose 34.1 per cent in the first half from a year earlier to 1.3 billion yuan (HK$1.64 billion) as some of its ... to the stock exchange. “Nonetheless, the group has put up substantial capital into land acquisition to pre-fund properties under development, which, we believe, will enable the group to support its ...

  5. Property - Hong Kong & China - EARNINGS

    Cost focus helps Country Garden and China Resources Land boost margins

    Posted Aug 20th 2014, 01:34am by Langi Chiang

    ... mainland builders Controlling costs helped mainland developers Country Garden Holdings and China Resources Land improve their net profit margins for the first half, bucking the industry trend ... higher than the 12.7 per cent for the same period last year and 13.2 per cent for the whole of last year, according to the interim reports of the developers. Like their rivals, the two developers ...

  6. Business - Companies - EARNINGS

    Shangri-La unveils new hotel brand 'Jen' as profit leaps 39 pc

    Posted Aug 21st 2014, 01:28am by TIFFANY AP

    ... that are under development. In 2010, it opened a Paris Shangri-La and last year, one in Istanbul, which registered a profit for the first time of US$600,000. It has also acquired a property in Rome where it will develop a Shangri-La. Shangri-La has been making further inroads in Europe where Asian hotel operators are focusing expansion plans on capturing luxury spending from Chinese travellers going ...

  7. Property - Hong Kong & China - EARNINGS

    Poly Property to step up sales drive to meet annual target

    Posted Aug 21st 2014, 03:58pm by LANGI CHIANG AND PEGGY SITO

    ... billion yuan [as at the end of June]," Ye said. "We will mainly produce homes for end users in the future and the inventory level should improve." Most mainland developers ... price fell 1.84 per cent to close at HK$6.40, reflecting investors' concern about the sustainability of its profit growth. The mainland's largest developer of prime office space said ...

  8. Business - China Business - EARNINGS

    Mainland gaming firm CMGE gains from greater smartphone penetration

    Posted Aug 20th 2014, 01:34am by BIEN PEREZ

    ... solid. With its enriched game pipeline in the second half of 2014 and into 2015, we believe CMGE will continue to execute in capturing the fast growth of mobile gaming development in China," Alicia Yap, the head of China internet research at Barclays, said in a report yesterday. Yap said growth was mainly driven by the CMGE-developed game, Joyful Da Yin Jia, and the publishing ...

  9. Business - China Business - EARNINGS

    Beijing aviation dream in doubt after first-half losses at AVIC Aircraft

    Posted Aug 20th 2014, 01:34am by SIJIA JIANG

    ... manufacturer Avic Aircraft may be a signal that Beijing's ambitions to develop home-grown planes to compete with global giants may not be possible for several years to come. Avic Aircraft, part ... deal for the plane. The mainland has been gearing up to develop its own passenger jets, given that it has the fastest-growing aviation market in the world, but that is dominated by foreign ...

  10. Business - Companies - EARNINGS

    SCMP profit buoyed by strong print and online ad sales

    Posted Aug 22nd 2014, 01:21am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Focus on traditional and new media segments delivers 6pc gain in core profit for first half SCMP buoyed by strong print and online ad sales SCMP Group, publisher of the South China Morning Post, expects its core business to remain sturdy as the company sharpened its focus on developing strategic opportunities in both traditional print and new media ...




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