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  • July 23, 2014
  • Last updated: 4:19am
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  1. Business - China Business - EARNINGS

    Huawei sees solid year after first-half sales grow 19 per cent

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

    ... and profit for the first half are in line with our expectations," said chief financial officer Cathy Meng Wanzhou, the daughter of Huawei founder Ren Zhengfei. Meng said the company had built up ...

  2. Business - China Business - EARNINGS

    China's airlines hit hard by weaker yuan

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

    ... the forex gain/loss for both periods and adjust for tax, the core earnings of Air China should grow 177 to 214 per cent year on year in the first half, in line with our full-year core earnings ...

  3. Business - Companies - EARNINGS

    Samsung signals 25pc drop in operating profit

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

    ... quarter of 2012. In a separate statement, Samsung said the won's strength during the second quarter and a slowdown in overall smartphone market growth hurt the company's bottom line. "The company cautiously expects a more positive outlook in the third quarter with the coming release of its new smartphone line-up," Samsung said, adding that it expected stronger ...

  4. Business - China Business - EARNINGS

    Component supplier AAC bets on broader product line to boost sales

    Posted Mar 26th 2014, 06:34am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com AAC pins growth hopes on broader product line Apple component supplier AAC Technologies, which posted record-high revenue and net profit last year, expects to bolster its global market share as smartphone and media tablet sales continue to grow and demand picks up for the new category of "wearable computing" devices. Shenzhen-based AAC ...

  5. Business - Banking & Finance - EARNINGS

    HSBC expects to increase dividend

    Posted May 20th 2014, 12:56am by Jeanny Yu

    ... thousands of jobs. The bank reported a profit of US$6.79 billion for the first quarter, in line with market expectations, but it fell short in cost-income ratio. The capital position of the bank ...

  6. Business - Companies - EARNINGS

    iPhone maker Hon Hai benefits from weaker yuan

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

    ... to company data filed with the Taiwan Stock Exchange, in line with the NT$19.6 billion average of 12 analysts' estimates. A return to profit at Hon Hai's display and handset units, ...

  7. Business - Companies - EARNINGS

    Johnson Electric under pressure from rising wages, increased plant cost

    Posted May 16th 2014, 01:05am by Sophie Yu

    ... consolidation was "intended to bring the current share price and cost of a board lot of the company more into line with other blue chip and well-established companies listed on the stock ...

  8. Business - Money - EARNINGS

    HKEx shareholders benefit from commodities and new listings

    Posted May 09th 2014, 01:14am by Enoch Yiu

    ... the results were in line with market expectations and that he was cautiously optimistic on HKEx's full-year profit. "The stock through train scheme to be implemented in October ...

  9. Business - Banking & Finance - EARNINGS

    Tough road ahead for HSBC as first quarter 2014 profits down 20pc

    Posted May 08th 2014, 01:15am by Jeanny Yu

    ... for the drag on growth during a conference call after HSBC revealed a 20 per cent year-on-year fall in profit for the first quarter. Pre-tax profit was US$6.79 billion, in line with the US$6.75 billion ...

  10. Business - Companies - EARNINGS

    Samsung profit slips on weak smartphone, flat-screen results

    Posted Apr 29th 2014, 11:44am by Reuters

    ... in Brazil." Even so, Samsung could be heading for its first decline in annual profit in three years as margins tighten across the product line, analysts say. As growth in its core high-end smartphone ...




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