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  • August 31, 2014
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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 ... The company said it invested HK$7 billion in its iron ore business, HK$3 billion in its steel business and HK$1 billion in its property business in the first half. Citic Pacific's shares closed ...

  2. CLP back in the black but second-half outlook cloudy

    Posted Aug 17th 2010, 12:00am by Denise Tsang

    ... Denise Tsang CLP Holdings' key mainland power plant helped propel the company to a 23 per cent rise in underlying profit in the first half, but its performance in the later part ... in the first half compared with a loss of HK$84 million in the same period last year. This was because of China's worst drought in decades wreaking havoc in the southwest of the country ...

  3. MTR sees no repeat of strong first half

    Posted Aug 13th 2010, 12:00am by Denise Tsang

    ... Denise Tsang MTR Corp has warned that the strong growth in the first six months of the year will not be repeated in the second half. The semi-privatised utility- the controlling shareholder of controversial smart-card issuer Octopus- said yesterday underlying profit jumped 46.6 per cent to HK$5.72 billion, or HK$1 per share, in the first half amid the economic recovery ...

  4. VTech posts 33pc growth in first-half net profit

    Posted Nov 26th 2009, 12:00am by Staff Reporter

    ... products and contract manufacturing businesses. Demand in Europe remained weak. Chairman and group chief executive Allan Wong Chi-yun said: 'The first half of the financial year 2010 has been ... 33.3 per cent year from a year earlier. North America remained its largest market worldwide, providing revenue growth of 5.7 per cent to US$441.8 million during the first half of its current ...

  5. Haeco net drops 27pc, expects tougher second half

    Posted Aug 05th 2009, 12:00am by Charlotte So

    ... cut services and grounded aircraft. The business in the second half would be significantly weaker than in the first half as airlines continue to tighten their budgets on services, said ... airframe maintenance man-hours sold in its hangars at the Hong Kong International Airport reduced 8 per cent to 1.2 million hours in the first half from a year earlier while line maintenance ...

  6. First-half deficit tops HK$48b... and rising

    Posted Nov 01st 2008, 12:00am by Peter So

    ... Peter So The government's deficit for the first half of this financial year reached HK$48.6 billion, with financial experts saying it might top HK$50 billion for the full year amid ... It was the largest first-half deficit since 2003, when severe acute respiratory syndrome was hitting the city, and was more than eight times the HK$5.61 billion deficit for the same period last year. ...

  7. Lifestyle posts 41.9pc income gain but expects moderate second half

    Posted Aug 12th 2008, 12:00am by Staff Reporter

    ... Jasmine Wang Lifestyle International Holdings, operator of Hong Kong's Sogo department stores, says it remains cautious about the retail market outlook for the second half of the year after posting 41.9 per cent growth in first-half net profit. The company ysterday said exceptionally robust sales growth in last year's second half, largely boosted by the buoyant property ...

  8. Li & Fung acquires Van Zeeland as first-half profit climbs 17.7pc

    Posted Aug 14th 2008, 12:00am by Denise Tsang

    ... Denise Tsang Global trading group Li & Fung, which saw its first-half net profit jump 17.7 per cent to HK$1.24 billion, has agreed to take over New York-based handbag importer Van ... to outsource their merchandising operations. Li & Fung signed four new deals with Toys 'R' Us, Hello Kitty distributor Sanrio, and US brands Timberland and Kellwood in the first half ...

  9. Sars blamed as CNAC records $181m loss for first half

    Posted Sep 06th 2003, 12:00am by Annette Chiu

    ... Prospects bleak as firm faces threat from cross-strait link and Cathay's expansion China National Aviation Co (CNAC) has joined its rivals in suffering a first-half slump after ... on the Taiwan and mainland markets, had sales slashed by one-third in the first half. Dragonair, Hong Kong's No2 carrier, saw daily passenger traffic slump 90 per cent to fewer than 1,000 on its ...

  10. Low usage crimps AsiaSat's first half

    Posted Aug 22nd 2003, 12:00am by Staff Reporter

    ... First-half earnings at Asia Satellite Telecommunications Holdings (AsiaSat) came in below expectations, as capacity utilisation rates for its satellites dropped due to a sluggish economy. AsiaSat yesterday said first-half profit fell 14.1 per cent to $240.14 million, compared with a forecast of $260.26 million by three brokers. Sales dropped 4.8 per cent to $455.55 million. Despite ...




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