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  • April 19, 2014
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  1. Business - Companies - EARNINGS

    Tencent aims to work with regulator on online financial services market

    Posted Mar 19th 2014, 06:17pm by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Mainland's largest listed internet company pledges to work with central bank to ensure online financial services are better regulated Tencent backs push ... for the mainland's nascent internet financial services market and help it expand. The conciliatory and pragmatic approach taken by Tencent over recent efforts by the People's Bank of China to strictly ...

  2. Business - Companies - EARNINGS

    PCCW to step up growth of media, mobile and IT services operations

    Posted Feb 28th 2014, 01:10am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com PCCW to accelerate growth in mobile, IT and media services after better than expected results PCCW says profit up 13pc before vote on CSL deal PCCW plans to accelerate the expansion of its media, information-technology services, fixed-line network and mobile businesses after reporting yesterday a 13 per cent increase in consolidated net profit last year. ...

  3. 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

    ... hardware business," chief financial officer Martin Schroeter said on a conference call. Revenue in the Americas fell 4 per cent, while revenue dropped 12 per cent in Asia-Pacific and declined ... It said its cloud revenue grew more than 50 per cent in the quarter. The annual run rate of cloud delivered as a service doubled from last year to US$2.3 billion. Moving to the cloud allows ...

  4. Business - Banking & Finance - EARNINGS

    BEA beats rivals with impressive financial results

    Posted Mar 10th 2014, 05:59am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Clean balance sheet and good growth makes BEA the stand-out bank in this results season BEA beats rivals with impressive financial results Bank of East Asia ... of June to 0.39 per cent to the end of December. Core tier one capital improved to 11.4 per cent from 10.4 per cent. The clearest sign of the rising risks in the mainland financial system emerged ...

  5. Business - Companies - EARNINGS

    Bulls come out for Tencent ahead of 3Q financial results

    Posted Nov 11th 2013, 05:17am by BIEN PEREZ

    ... Tencent reports its financial performance for the quarter to September. Shenzhen-based Tencent, the mainland's largest listed internet company, is expected to post solid third-quarter results ... in the third quarter was projected to reach 390 million yuan due to the commercial launch of paid offerings on WeChat and the Wireless QQ service. Online advertising revenue last quarter was projected ...

  6. Business - China Business - EARNINGS

    Unicom's 74 pc profit jump beats estimates

    Posted Apr 18th 2014, 01:17am by Sophie Yu

    ... Unicom's had 289.7 million mobile subscribers by the end of the first quarter, with a net addition of four million users in March alone. It launched high-speed fourth generation network services on March 18, but said it had no data yet on 4G sales. "The market reaction is warm," said Lu. Revenue rose 8.3 per cent year on year to 76.5 billion yuan, of which service revenue ...

  7. Business - Banking & Finance - EARNINGS

    ICBC profit climbs 10.2 per cent on fees, high net interest margins

    Posted Mar 28th 2014, 01:40am by Zhang Hong

    ... opportunities for the bank this year despite a slowdown in the country's economy. "[The] large demand for financial services stimulated by accelerated new urbanisation will bring great ...

  8. Business - China Business - EARNINGS

    Weaker demand and competition hit China Eastern

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

    ... aircraft for cargo service, said Sun Yu, a deputy general manager of the airline's strategy and development department. While Beijing's austerity drive has emptied much of the premier ... more on our current business as a hub and network-based airline," said Fan Cheng, the airline's chief financial officer and vice-president. "We have been putting our efforts ...

  9. Business - Companies - EARNINGS

    Prada expects sales to slow as demand in Europe eases

    Posted Apr 03rd 2014, 05:16am by Bloomberg

    ... in Europe. Same-store sales would rise at a "low single-digit" pace during this financial year to January, Milan-based Prada said yesterday, lower than last year's 7 per cent increase. ... it saw "strong growth" for the category in the medium term. Meanwhile, its Miu Miu brand would open about 70 stores in the same period. Net income in the past financial year rose 0.3 ...

  10. Business - China Business - EARNINGS

    China Mobile's earnings fall 5.9pc, ending 14-year run of profit growth

    Posted Mar 20th 2014, 01:39pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com World's largest mobile operator facing cost pressure from handset subsidies, WeChat competition and lower pricing for 4G services China Mobile's ... telecommunicatuions operators adding fourth-generation service subscribers in 2014 although the market trend is for prices to fall. "[The] 4G package should be cheaper than that of 3G due to advancing ...




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