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  • September 3, 2014
  • Last updated: 6:00am
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  1. Business - China Business - EARNINGS

    Titan Petrochemicals back in black after selling off assets

    Posted Sep 01st 2014, 11:06am by Ray Chan

    ... operations for the first half, compared with sales of HK$117 million in the same period last year. We will continue to work with our advisers to further speed up the debt restructuring process Zhao ...

  2. Business - Companies - EARNINGS

    SmarTone eyes better days ahead

    Posted Sep 01st 2014, 04:21am by BIEN PEREZ

    ... of SmarTone's relevant 3G spectrum. In July, SmarTone introduced its fixed-line fibre broadband service called "ST Fibre Broadband" for the home and office market segments. A month earlier, ...

  3. Business - Companies - EARNINGS

    Shun Tak boosts first-half core profit 225.6pc on strong property sales

    Posted Aug 29th 2014, 02:25pm by Yvonne Liu

    ... in the first half of the year, driven mainly by strong property sales. Net profit, including property revaluation gains, grew 63.99 per cent to HK$1.1 billion from HK$672 million in the first half ... last year. The contribution of property sales to operating profit was HK$563 million in the first half, compared with just HK$34 million a year earlier. Most of the sales were generated ...

  4. Business - Companies - EARNINGS

    Citic’s interim core profit flat, supported by earnings from property development

    Posted Aug 29th 2014, 02:14pm by Eric Ng

    ... of high growth, so we cannot just limit ourselves to China and must expand into the global market.” Currently, non-financial businesses accounted for 30 per cent of the entire company’s sales ... the sale of a stake in Citic Telecom. First-half revenue grew 13.1 per cent to HK$46.7 billion this year. Citic’s share price traded 2.45 per cent higher to end at HK$15.08 on Friday, just off ...

  5. Business - Commodities - EARNINGS

    Chalco shares take a beating on poor results

    Posted Aug 29th 2014, 12:48pm by Eric Ng

    ... revenue fell 4 per cent year on year to 70.1 billion yuan as lower aluminium revenue was partially offset by higher energy revenues – mainly on coal sales. Operating loss from aluminium smelting ...

  6. Business - Companies - EARNINGS

    Net income triples at Alibaba as revenue jumps 46pc

    Posted Aug 28th 2014, 01:53pm by Reuters

    ... as we go through the [flotation] process." Alibaba accounts for about 80 per cent of all online retail sales on the mainland, where rising internet usage and an expanding middle class ...

  7. Business - China Business - EARNINGS

    Insurer China Life diversifies with bid for Sinopec retail unit

    Posted Aug 28th 2014, 05:03am by Kwong Man-ki

    ... was at 4.78 per cent. The board of China Life had also approved a proposal to participate in the capital introduction of Sinopec's sales unit, it said in a separate statement yesterday. "No ...

  8. Business - Companies - EARNINGS

    Sino Land's core earnings decline 24pc for year

    Posted Aug 28th 2014, 05:03am by Yvonne Liu

    ... Chairman Robert Ng Chee Siong said changes to the double stamp duty passed in July have helped improve buying sentiment as more projects were launched for sale in the market. Shares in Sino Land ... is better than market expectations of about HK$6.83 billion and analysts expect further improvement in the coming year following the rebound in property sales. Turnover fell to HK$7.45 billion from ...

  9. Business - China Business - EARNINGS

    China Telecom user base shrinks amid rivalry

    Posted Aug 28th 2014, 05:03am by Sophie Yu

    ... market. Rival China Mobile launched 4G voice call and data services soon after it was granted the licence at the end of 2013 for the TD-LTE system, a home-grown standard supported by Beijing. ...

  10. Business - Companies - EARNINGS

    Core profit rises 10.5pc at Yuexiu Property

    Posted Aug 27th 2014, 05:59pm by Peggy Sito

    ... in fair-value gains on investment properties. The board declared an interim dividend of 4.9 HK cents per share. Yuexiu Property's contracted sales grew 23 per cent year on year to 10.6 billion yuan, 48 per cent of its full-year target of 22 billion yuan. Including last month's sales, the firm has reached 54 per cent of its target, the firm said. Average selling price fell ...




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