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  • September 2, 2014
  • Last updated: 10:32pm
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  1. Property - Hong Kong & China - EARNINGS

    Cost focus helps Country Garden and China Resources Land boost margins

    Posted Aug 20th 2014, 01:34am by Langi Chiang

    ... the company's president and executive director, after it reported a 14.1 per cent rise in core net profit, which excludes property revaluation gains, to 4.7 billion yuan. Confidence that Country Garden ... Langi Chiang langi.chiang@scmp.com Strategyhelps Country Garden and China Resources Land boost net profit margins for first half as rivals struggle amid downturn Focus on costs lifts ...

  2. Business - Companies - EARNINGS

    Sunac reports 21pc rise in first-half core net profit to 1b yuan

    Posted Aug 26th 2014, 10:15am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Sunac China, a mainland luxury-home builder, reported a 21 per cent year-on-year rise in core net profit to 1 billion yuan (HK$1.26 billion) in the first half, with its net gearing ratio down 3 percentage points from the end of last year at 66.7 per cent. Its revenue rose 5.9 per cent to 9.1 billion yuan, and net profit grew 8 per cent to 813 ...

  3. Business - China Business - EARNINGS

    China Eastern profit plunges 98pc as China Southern posts 1b yuan loss

    Posted Aug 30th 2014, 01:29am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Chinese airlines hit by exchange losses China Southern Airlines, the country's largest carrier by fleet size and passenger volume, posted a first-half ... not prevent it from sliding into the red after reporting a profit of 302 million yuan in the same period last year. Fluctuations in the exchange rate … affected our profitability and development CHINA ...

  4. Business - Companies - EARNINGS

    Watch seller Citychamp revenue increases

    Posted Sep 01st 2014, 06:03pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Citychamp Watch & Jewellery Group reported its first-half revenue increased to HK$1.7 billion from HK$1.3 billion a year earlier while net profit fell 37 per cent to HK$273.6 million. But the company said net profit actually increased HK$2.6 million if gains on the disposal of shares in Citychamp Dartong were set aside. The watch seller said ...

  5. Business - China Business - EARNINGS

    Titan Petrochemicals back in black after selling off assets

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

    ... Ray Chan ray.utchan@scmp.com Titan Petrochemicals, a debt-laden fuel logistics firm controlled by Guangdong Zhenrong Energy, said on Monday that its interim earnings had reverted to black after it disposed of at least 10 subsidiaries. In a filing with the Hong Kong stock exchange, Titan reported profit before tax from continuing operations of HK$3.77 billion in the first half ...

  6. Business - China Business - EARNINGS

    China Telecom user base shrinks amid rivalry

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

    ... loses users amid rivalry China Telecom Corp lost 5.34 million mobile subscribers in the first half of this year as competition intensified in the country's saturated telecommunications ... The largest wireless network operator in the world by subscriber number reported its total subscribers reached 790 million, 23.4 million more than at the end of last year. Even though China Telecom ...

  7. Business - Companies - EARNINGS

    SmarTone eyes better days ahead

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

    ... year after a lacklustre period in the mobile market. In a report, analysts at Barclays considered "the poor second half of [the operator's] recent fiscal year results as well flagged, ... for the previous fiscal year declined by 37 to 38 per cent year on year," said Anand Ramachandran, the lead author of the Barclays report and the firm's head of telecommunications, internet ...

  8. Business - Banking & Finance - EARNINGS

    Agricultural Bank of China's net profit grows by 12.65 per cent

    Posted Aug 27th 2014, 01:27am by DON WEINLAND

    ... non-performing loan ratio among rivals that have reported interim earnings this year. Net profit grew 12.65 per cent in the first six months of the year to 104 billion yuan (HK$130.9 billion), ... of growth than at Bank of China and Bank of Communications, both of which reported interim earnings last week. That puts Agricultural Bank well above the sector average for non-performing loans ...

  9. Business - Banking & Finance - EARNINGS

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

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

    ... with the peer average of 1.08 per cent," said Erin Lee, an analyst at Yuanta Securities in Shanghai. Lee noted that the results were in line with her estimates. Construction Bank's report ... a single-digit growth era and this means the whole industry is back to normal," Peng said. China Merchants Bank, the mainland's largest joint-stock bank, reported yesterday net profit jumped ...

  10. Business - Commodities - EARNINGS

    Chongqing Iron & Steel losses widen 23pc

    Posted Aug 29th 2014, 09:39am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Chongqing Iron & Steel, a medium-sized Chinese steelmaker, reported its net loss in the first half widened 23 per cent year on year to 1.38 billion yuan (HK$1.74 billion) as slower economic growth in China dented demand and steel prices. Excluding extraordinary losses from asset disposals, the net loss narrowed 15.3 per cent to 945.24 million yuan. ...




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