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  • July 14, 2014
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  1. Business - Companies - EARNINGS

    Samsung signals 25pc drop in operating profit

    Posted Jul 08th 2014, 10:28am by Reuters

    ... Reuters in Seoul Guidance for quarter to June cites pressures on smartphone business and a stronger won Samsung flags 25pc decline in operating profit Samsung Electronics yesterday said its operating profit likely fell 24.5 per cent in April-June, the lowest in two years, owing to slowing growth in the South Korean company's cash-cow smartphone business and the strength ...

  2. Business - Companies - EARNINGS

    Fast Retailing cuts 2014 profit forecast

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... a special loss of 16 billion yen for the year ending August considering the performance of J Brand business, it said in a statement yesterday. The J Brand operations are "still ...

  3. 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, reduced its losses in the year ended March but is facing cash-flow problems and has resorted to its chief executive agreeing to personally help finance operations. Liang Guoxing, who holds shares ...

  4. Business - Companies - EARNINGS

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

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

    ... boosted non-operating profit including foreign-exchange gains. Shareholders passed a board resolution to pay a cash dividend of NT$1.80 per share for 2013 and a stock dividend of 12 per cent. ...

  5. Business - Commodities - EARNINGS

    Refining operations fuel gains at oil firms

    Posted Oct 30th 2013, 03:31am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com PetroChina and Sinopec are expected to keep enjoying favourable domestic fuel pricing after profits improve in the third quarter Refining operations fuel gains ... polled by Bloomberg. Profit growth drivers included a halving of operating losses of oil refining and chemicals production to 4.14 billion yuan and an 83 per cent jump in fuel marketing operating ...

  6. Business - Companies - EARNINGS

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

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

    ... in operating profit by end-March 2016, spurred by creation of a new television business. While investors are not yet calling for Hirai's job, they do want the turnaround to show traction after ... manufacturing unit into a separate operating entity. The division is focused on so-called 4K ultra-high-definition sets and forecasts sales of 16 million liquid-crystal display television in the fiscal ...

  7. Business - China Business - EARNINGS

    Lenovo eyes bigger mobile and enterprise deals after banner year

    Posted May 22nd 2014, 01:19am by BIEN PEREZ

    ... of this year. On China's recent ban of Microsoft's Windows 8 operating system on all government computers, Lenovo's Yang said it would have no impact on the company's domestic ... and enterprise" once US authorities approved its US$2.91 billion takeover of Google's Motorola Mobility operation, and the US$2.3 billion purchase of IBM's low-end server business. "Through ...

  8. Business - China Business - EARNINGS

    Tencent surges as profit beats estimates on mobile games, ads

    Posted May 16th 2014, 01:05am by BLOOM

    ... Tencent has introduced 18 games for Google's Android operating system and 16 games for Apple's iOS, including GunZ Dash and Piyush Mubayi, an analyst at Goldman Sachs wrote in a report. ...

  9. Business - China Business - EARNINGS

    CRE feels effect of economic slowdown

    Posted May 27th 2014, 01:34am by Sophie Yu

    ... retail, beer, food and beverage operations. The retail segment contributed two-thirds of its revenue. "With the rapid growth of e-commerce, some consumers engaged in online shopping during the Lunar New Year," CRE said. The company runs more than 4,600 stores, of which 83 per cent are self-operated while the rest are franchised. It recorded a 0.4 per cent year-on-year drop ...

  10. Business - Companies - EARNINGS

    PCCW to step up growth of media, mobile and IT services operations

    Posted Feb 28th 2014, 01:10am by BIEN PEREZ

    ... The company, which is controlled by tycoon Richard Li Tzar-kai, will move a step closer to increasing its mobile operations at an extraordinary general meeting today in which shareholders will vote ... core earnings before interest, tax, depreciation and amortisation- a measure of operating profitability- climbed 6 per cent to HK$8.13 billion from HK$7.68 billion. Core revenue rose 10 per ...




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