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  • July 23, 2014
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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 - China Business - EARNINGS

    SMIC boosts margins on way to ninth straight profitable quarter

    Posted Jul 22nd 2014, 12:29am by BIEN PEREZ

    ... International Corp, the mainland's largest contract chipmaker, has raised its guidance for gross margin in the three months to June after achieving greater use of its production capacity ... revenue to increase 14 per cent to US$515 million from US$451 million in the three months to March. But on a year-on-year basis, the mainland chipmaker's revenue is estimated to be down 4.8 ...

    http://www.scmp.com/business/china-business/article/1557110/smic-boosts-margins-way-ninth-straight-profitable-quarter
  3. Business - Money - EARNINGS

    Profit outlook dims for mainland China firms traded in the US market

    Posted Jul 01st 2014, 04:05am by Bloomberg

    ... Bloomberg in New York Outlook dims over China slowdown The most actively traded mainland companies in the United States are on track to report the smallest profits in two years as growth ... as economists predict the mainland's gross domestic product growth will slow to 7.4 per cent this year, the weakest pace in 24 years, after back-to-back annual increases of 7.7 per cent. While ...

    http://www.scmp.com/business/money/markets-investing/article/1543911/profit-outlook-dims-mainland-china-firms-traded-us
  4. Business - Companies - EARNINGS

    Jeweller Luk Fook posts record profit of HK$1.86b after gold binge

    Posted Jun 27th 2014, 01:04am by TIFFANY AP

    ... are frequented by more mainland tourists, he said. The company is unlikely to expand further in Macau in the coming financial year given that it recently opened a flagship outlet there- its largest ... in prominent locations, including in Wuhan May last year, which serves as the mainland flagship. It also launched its first store in Sydney in December last year. Wong said Luk Fook's outlook ...

    http://www.scmp.com/business/companies/article/1541297/jeweller-luk-fook-posts-record-profit-hk186b-after-gold-binge
  5. Business - China Business - EARNINGS

    China's airlines hit hard by weaker yuan

    Posted Jul 17th 2014, 01:22am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Leading carriers have issued profit warnings for the first half because of exchange losses from dollar-based debts caused by aircraft purchases Mainland airlines hit hard by weaker yuan The weaker yuan is emerging as a major downside risk for mainland airlines already wrestling with a challenging business environment brought on by increased ...

    http://www.scmp.com/business/china-business/article/1555470/chinas-airlines-hit-hard-weaker-yuan
  6. Business - Companies - EARNINGS

    Silver Base turns to its CEO for financial help

    Posted Jul 01st 2014, 04:05am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Silver Base turns to chief for financial help Silver Base Group Holdings, one of the mainland's largest distributors of high-end liquor and cigarettes, ... and the slowdown in the mainland economy. "In order to strengthen the capital base of the group and to improve the group's financial position, immediate liquidity and cash flows and otherwise ...

    http://www.scmp.com/business/companies/article/1543914/silver-base-turns-its-ceo-financial-help
  7. Business - China Business - EARNINGS

    Car dealer Sparkle seeks to regain glitter with new products

    Posted Jun 24th 2014, 05:58am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Sparkle seeks to regain glitter with new products Sparkle Roll Group, a luxury-car dealer on the mainland, reported a 74 per cent fall in net profit ... by government officials on the mainland. Sparkle said it planned to expand the non-vehicle businesses to diversify its product portfolio and was eyeing joint ventures with some partners. "Although ...

    http://www.scmp.com/business/china-business/article/1539230/car-dealer-sparkle-seeks-regain-glitter-new-products
  8. Business - Companies - EARNINGS

    Foxconn chief Gou calls for patience as he invests to tap new markets

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... for Hon Hai it's also bad for me." Foxconn, the key iPhone manufacturer for Apple and the largest private employer on the mainland, also plans to boost investment in robotics and add ...

    http://www.scmp.com/business/companies/article/1540545/foxconn-chief-gou-calls-patience-he-invests-tap-new-markets
  9. Business - Companies - EARNINGS

    Sony chief Kazuo Hirai's apology flags another year of losses

    Posted Jun 20th 2014, 12:59am by BLOOM

    ... business. The 53-year-old is counting on more restructuring, a slate of Amazing Spider-Man films, new Xperia smartphones and potential sales of the PS4 on the mainland to revive its fortunes. ...

    http://www.scmp.com/business/companies/article/1536396/sony-chief-kazuo-hirais-apology-flags-another-year-losses
  10. Property - Hong Kong & China - EARNINGS

    Link Reit distributable income jumps 14pc

    Posted Jun 04th 2014, 02:10pm by Peggy Sito

    ... HK$20 billion through borrowing to fund property investments while maintaining a healthy financial position. But he added the company would not rush in its mainland investments. During the year ...

    http://www.scmp.com/property/hong-kong-china/article/1525222/link-reit-distributable-income-jumps-14pc

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