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  1. Citic Pacific's first-half earnings nearly double

    Posted Aug 19th 2010, 12:00am by Kandy Wong

    ... Kandy Wong State-backed conglomerate Citic Pacific almost doubled its first-half earnings as the company continued to divest non-core businesses in a restructuring that was directed ... demand for special steel, Citic Pacific recorded a net profit of HK$4.88 billion in the first six months, an increase of 97.9 per cent on the previous year. Earnings per share rose to HK$1.34 ...

  2. Pacific Basin adopts neutral outlook after strong first half

    Posted Aug 04th 2010, 12:00am by Keith Wallis

    ... Keith Wallis Pacific Basin Shipping has adopted a neutral outlook for the dry bulk shipping market for the rest of the year based on a projected rebound in Chinese commodity imports in the fourth quarter following a relatively weak third quarter. The company enjoyed a strong first half, posting revenue of US$616.5 million, up from US$425.9 million in the period a year earlier. ...

  3. Bordeaux shows full range

    Posted May 25th 2010, 12:00am by Robin Lynam

    ... Robin Lynam Vinexpo is a Bordeaux-based organisation and, not surprisingly, the region is strongly represented at Vinexpo Asia-Pacific 2010. Altogether 143 exhibitors or groups ... price, and not only iconic wines for the elite,' says Robert Beynat, Vinexpo's Asia-Pacific chief executive. 'Bordeaux wines are suitable for all occasions at different price ...

  4. Cosco Pacific profit forecast to double on global trade rebound

    Posted Aug 23rd 2010, 12:00am by Keith Wallis

    ... Keith Wallis With container volumes surging at its mainland and overseas ports in the first half of this year, Cosco Pacific is set to book a net profit of about US$200 million when it reports its interim results later this week. This would be close to double the net profit reported in the first half of last year and would reflect the substantial turnaround in global trade ...

  5. Pacific Basin looks Down Under for towage

    Posted Aug 21st 2010, 12:00am by Keith Wallis

    ... roll-on/roll-off ferries, which typically transport truck trailers, later this year. This 'ro-ro' business generated a net profit of US$500,000 in the first half of this year. Pacific Basin ... Keith Wallis Pacific Basin Shipping is targeting Australia's burgeoning oil and gas sector and infrastructure development in the Middle East to drive expansion of its fledgling towage ...

  6. Cosco Pacific container handling rises 24.9pc

    Posted Aug 17th 2010, 12:00am by Charlotte So

    ... Charlotte So Cosco Pacific, the fifth-largest port operator in the world, had a strong start to the second half by posting 24.9 per cent year-on-year growth in container throughput in July. This compared with a 19 per cent jump in the second quarter, following an 18.4 per cent increase in the first. The 21 ports operated or owned by the company handled 4.4 million 20-foot ...

  7. CRE plans to open Pacific Coffee shops in mainland supermarkets

    Posted Aug 27th 2010, 12:00am by Kandy Wong

    ... Kandy Wong Hong Kong-listed China Resources Enterprise (CRE) reported yesterday that net profit in the first half rose 266.4 per cent and said it plans to begin opening Pacific Coffee shops in its mainland supermarkets. The company, which acquired 80 per cent of Pacific Coffee from Chevalier Pacific Holdings in June for HK$326.6 million, recorded a net profit of HK$4.24 ...

  8. First storm of season unlikely to harry HK

    Posted Jul 16th 2010, 12:00am by Staff Reporter

    ... Ng Kang-chung The outer bands of Severe Tropical Storm Conson are expected to bring showers and isolated squally thunderstorms to Hong Kong today, with more showers tomorrow. The first tropical storm of the season was last night on a track to Hainan Island. At 8pm, it was about 640 kilometres south of Hong Kong and forecast to move west-northwest at about 20km/h across ...

  9. Cosco Pacific expects port throughput to keep growing

    Posted Aug 25th 2010, 12:00am by Charlotte So

    ... Charlotte So Cosco Pacific, one of the world's major port operators, is confident of achieving double-digit growth in throughput this year despite an expected slowdown over the coming months. The Hong Kong-based company said first-half net profit rose 82 per cent to US$190 million on an exceptional gain from selling its logistics division to its parent and on robust demand ...

  10. 80pc rise in mergers and acquisitions in Asia-Pacific region

    Posted Mar 26th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu Mergers and acquisitions in the Asia-Pacific region rose 80 per cent in the first quarter from a year earlier, as Western and mainland companies moved to beef up organic growth through serious deal making. Deals reached US$106 billion in the first quarter, up from US$59 billion in the first quarter last year, according to Thomson Reuters, which yesterday announced its ...




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