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  • August 30, 2014
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  1. Business - Banking & Finance - EARNINGS

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

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

    ... said it earned 130.7 billion yuan (HK$164.9 billion) in the six months to June, compared with 119.7 billion a year earlier. The result was roughly in line with analysts' expectations. Net ... 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 ...

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

    Citic’s interim core profit flat, supported by earnings from property development

    Posted Aug 29th 2014, 02:14pm by Eric Ng

    ... million tonnes of iron ore so far. Six production lines are planned, each with an annual output capacity of 4 million tonnes. Line 1 was producing but had “yet to reach the desired capacity”, Chang said in the filing. Line 2 is in trial production and work on the remaining four is underway. Citic’s special steel division posted a 20 per cent fall in net profit to HK$773 million, ...

    http://www.scmp.com/business/companies/article/1581677/citics-interim-core-profit-flat-supported-earnings-property
  3. Business - Companies - EARNINGS

    MTR to take HK$3 b hit over project delays

    Posted Aug 25th 2014, 05:36pm by CHIM SAU-WAI, JING YANG

    ... b hit over project delays MTR Corp said it would absorb the HK$3 billion cost overrun on the delayed West Island and South Island lines as the firm unveiled a 28.5 per cent rise in first-half ... in the results announcement that delay of the West Island Line and South Island Line projects would incur additional costs of HK$3 billion. It said at the press briefing that the two lines were owned ...

    http://www.scmp.com/business/companies/article/1580581/mtr-net-grows-285pc-profit-property-development-slumps
  4. Business - Companies - EARNINGS

    Qantas posts net loss of A$2.8b as it writes down its ageing fleet

    Posted Aug 29th 2014, 01:14am by AFP

    ... profit in the previous year, one-off restructuring and redundancy costs hurt the bottom line this year. But the biggest hit came from a A$2.6 billion non-cash write-down of the value of its ...

    http://www.scmp.com/business/companies/article/1581580/qantas-posts-net-loss-a28b-it-writes-down-its-ageing-fleet
  5. Business - Companies - EARNINGS

    Net income triples at Alibaba as revenue jumps 46pc

    Posted Aug 28th 2014, 01:53pm by Reuters

    ... indebtedness" after fully drawing down an US$8 billion credit facility. Alibaba has arranged another credit line of US$3 billion. ...

    http://www.scmp.com/business/companies/article/1581422/net-income-triples-alibaba-revenue-jumps-46pc
  6. Business - Banking & Finance - EARNINGS

    ICBC profit up 7 per cent as bad loans held in check

    Posted Aug 29th 2014, 01:14am by DON WEINLAND

    ... of Communications last week posted 36.7 billion yuan in net profit, an increase of 5.6 per cent on the same period last year, in line with analysts' expectations, but at less than half the pace ...

    http://www.scmp.com/business/banking-finance/article/1581603/icbc-profit-7-cent-bad-loans-held-check
  7. Business - China Business - EARNINGS

    China Telecom user base shrinks amid rivalry

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

    ... cent of the total. China Telecom's monthly average revenue per user increased 4 per cent year on year to 56.5 yuan. In line with Beijing's directive to cut market expenses, ...

    http://www.scmp.com/business/china-business/article/1581335/china-telecom-user-based-shrinks-amid-rivalry
  8. Business - China Business - EARNINGS

    Golden Eagle profit down 23.2pc

    Posted Aug 27th 2014, 01:27am by TIFFANY AP

    ... of its stores. "At the Nanjing Xinjiekou store, 52 per cent is now made by mobile [points of sales]. The majority of the customers don't need to line up. The same person sees ...

    http://www.scmp.com/business/china-business/article/1580994/golden-eagle-profit-down-232pc
  9. Business - Companies - EARNINGS

    Cosco Pacific and CIMC post slump in profits

    Posted Aug 26th 2014, 01:10pm by JING YANG

    ... rate of its container fleet, and came during a palpable recovery in demand for new containers from shipping lines. The company, controlled by state-owned China Ocean Shipping Group, attributed ...

    http://www.scmp.com/business/companies/article/1580764/cosco-pacific-profit-21pc
  10. Property - Hong Kong & China - EARNINGS

    Evergrande Real Estate speeds up push into new businesses

    Posted Aug 26th 2014, 03:08pm by Langi Chiang

    ... per cent a year earlier and well above its bottom line of 70 per cent. Analysts at BNP Paribas estimated Evergrande's net gearing would stay high until 2016 at more than 75 per cent, ...

    http://www.scmp.com/property/hong-kong-china/article/1580797/evergrande-confident-hitting-110b-yuan-full-year-sales

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