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  1. Business - Companies - EARNINGS

    Mainland Chinese tourists help push up sales at Prada

    Posted Feb 20th 2013, 12:00am by Anita Lam

    ... Anita Lam anita.lam@scmp.com Mainland tourists help push up sales at Prada The Italian fashion house Prada saw sales in Europe outside its home market leap by a third in the year to January, surpassing even the fast-growing Asia-Pacific region, with one analyst crediting mainland tourists for the rise. In a filing to the Hong Kong exchange on Tuesday, the luxury leather goods ...

    http://www.scmp.com/business/companies/article/1154253/mainland-chinese-tourists-help-push-sales-prada
  2. Business - Commodities - EARNINGS

    Brightoil returns to the black with HK$599m profit

    Posted Sep 25th 2014, 09:51am by Eric Ng

    ... to HK$84.5 billion, primarily on a doubling of sales of petroleum products to HK$65.39 billion, thanks largely to a long-term crude oil supply contract with a mainland oil major. Marine bunkering sales dropped 22.5 per cent year-on-year to HK$17.68 billion. Brightoil is the mainland’s only privately owned supplier of fuel to ocean-going vessels. There is now evidence of a healthier ...

    http://www.scmp.com/business/commodities/article/1600045/brightoil-returns-black-hk599m-profit
  3. Business - China Business - EARNINGS

    New World China cuts sales target after net profit inches up 0.5pc

    Posted Sep 23rd 2014, 02:39pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Mainland developer's full year net profit flat at HK$4.64b, prompting it to cut 2015 sales target by 15pc amid challenging market conditions New World cuts sales target on flat net growth New World China Land, the mainland property arm of New World Development, said it cut its sales target for the current financial year by 15 per cent given ...

    http://www.scmp.com/business/china-business/article/1598678/new-world-china-beats-forecasts-05pc-rise-net-profit
  4. Property - Hong Kong & China - EARNINGS

    SouFun falls amid price incentives for homebuyers

    Posted Sep 19th 2014, 05:34am by Bloomberg

    ... as home sales on the mainland plunged 10.5 per cent in the first seven months of the year. The mainland's broadest measure of new credit dropped 40 per cent in August from a year earlier. ... according to the information on its website. SouFun plans to offer the programme to customers in 84 mainland cities, China News Service reported on September 15. The People's Bank of China ...

    http://www.scmp.com/property/hong-kong-china/article/1595555/soufun-falls-amid-price-incentives-homebuyers
  5. Business - China Business - EARNINGS

    Moody's upbeat on Chinese developers' prospects

    Posted Sep 18th 2014, 05:57am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Completion of more property projects should boost earnings, says ratings agency Moody's upbeat on mainland developers Mainland developers hit ... downturn, the developers saw weaker earnings and slower cash collection from contracted sales in the first six months of the year. Profit margins fell and debt levels increased for all 12 mainland ...

    http://www.scmp.com/business/china-business/article/1594936/moodys-upbeat-chinese-developers-prospects
  6. Business - China Business - EARNINGS

    Mainland gaming firm CMGE gains from greater smartphone penetration

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

    ... the past two years. Nasdaq-traded CMGE, the mainland's largest publisher of mobile games in terms of gross billings, reported on Monday in the United States a second-quarter net profit of 54.9 ... of licensed third-party single player and social games, led by the popular Super Hero on various Android app platforms and Apple's online App Store on the mainland. CMGE, which was established ...

    http://www.scmp.com/business/china-business/article/1577230/mainland-gaming-firm-cmge-gains-greater-smartphone
  7. Business - Companies - EARNINGS

    LVMH sales slow in Hong Kong as Chinese demand drops globally

    Posted Jul 25th 2014, 11:58am by Reuters

    ... in sales from Louis Vuitton, its main cash cow, had dropped in China in the second quarter from the first, while revenue from Chinese tourists declined in major European markets such as France. It also said fewer tourists, particularly from mainland China, were shopping in Hong Kong because of pro-democracy protests. Many leading luxury brands generate more than 10 per cent ...

    http://www.scmp.com/business/companies/article/1558885/lvmh-sales-slow-hong-kong-chinese-demand-drops-around-world
  8. Business - Banking & Finance - EARNINGS

    Bank of East Asia profits rise 6pc, thanks to increase in mainland lending

    Posted Aug 02nd 2014, 12:50am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Bank increases net income 6pc as it steps up lending across borderdespite credit risks BEA profits from mainland loans Bank of East Asia's net profit rose 6 per cent to HK$3.58 billion in the first six months of the year as it expanded offshore lending to mainland clients. The bank said yesterday asset quality on the mainland would stay ...

    http://www.scmp.com/business/banking-finance/article/1564557/bank-east-profits-rise-6pc-thanks-increase-mainland-lending
  9. Business - Banking & Finance - EARNINGS

    Dah Sing profit climbs 29pc on lower China lending

    Posted Aug 28th 2014, 05:03am by DON WEINLAND

    ... group's on-balance-sheet lending to non-bank customers on the mainland shrank by a fraction of a percentage point from the end of 2013, at a time when most Hong Kong banks are expanding that exposure. The International Monetary Fund and global ratings agencies have warned of the risks of exposure to a slowing mainland economy, particularly in the property sector and overcapacity ...

    http://www.scmp.com/business/banking-finance/article/1581319/dah-sing-profit-climbs-29pc-lower-china-lending
  10. Business - Banking & Finance - EARNINGS

    China Construction Bank posts slower 9pc gain in first-half profit

    Posted Aug 30th 2014, 01:29am by DON WEINLAND

    ... Construction Bank Corp, the mainland's second-largest lender by assets, raised net profit 9 per cent in the first half, a period marked by decelerating growth in the state banking sector. The bank ... was the final mid-year filing from major mainland lenders listed in Hong Kong. Growth at several banks has slowed markedly since last year. The average rate of growth at the five largest lenders ...

    http://www.scmp.com/business/banking-finance/article/1581924/china-construction-bank-posts-slower-9pc-gain-first-half

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