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  • November 23, 2014
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  1. Rental, staff expenses erode Midland profits

    Posted Mar 10th 2006, 12:00am by Peggy Sito

    ... Peggy Sito Lower commission income, higher rental expenses and increasing staff costs drove Midland Holdings into the red in the second half of last year, but the property agency was still ... 'The operating environment was challenging in the second half. Not only did the market slow down, but the group's rental expenses also rose, hurting earnings,' chairman Wong Kin-yip ...

  2. SME profit outlook turns bearish

    Posted Apr 03rd 2007, 12:00am by Charlotte So

    ... in Hong Kong as much as the large companies,' K.K. Leung, UPS general manager for Hong Kong and Macau, said yesterday. High labour costs and rental expenses hit such local enterprises the most, said the city's 100 respondents, with annual sales ranging from US$500,000 to US$10 million. Hong Kong ranked first in rental burden among Asian countries and third in labour costs ...

  3. Regulator to lose HK$332m in waiver

    Posted Mar 02nd 2012, 12:00am

    ... in an annual saving of roughly HK$180 million in rental expenses,'' the SFC yesterday said in a statement posted on Legco's website. 'If in future the SFC were to proceed with this option, this in itself is likely to be sufficient justification to adjust its overall funding model.' The SFC's rental expenses this year will double to more than HK$200 million after ...

  4. Luk Fook profits off 24pc on rents, labour

    Posted Jul 25th 2006, 12:00am by Andy Chen

    ... for the 12 months to March 31 from $125.8 million a year ago despite a 8.4 per cent gain in turnover to $2.12 billion. Luk Fook said increases in rental and labour expenses hurt earnings and bad weather reduced the number of tourists at its Hong Kong outlets. Labour costs accounted for 7.3 per cent of sales during the period as the company raised staff salaries 6 per cent. Rental expenses ...

  5. SFC faces more flak over plan to buy property

    Posted Mar 03rd 2012, 12:00am

    ... premises would save HK$180 million in rental expenses annually. The regulator will review the transaction levy and its overall funding model after it decides on how to use its reserves, including ... supported the SFC. 'The fee waiver will help financial firms cope with tough times,'' Chim said. 'If the SFC is buying its office, it will help save on rental expenses. The key ...

  6. Public offering's in the bag for Milan Station

    Posted May 11th 2011, 12:00am

    ... of operating outlets in Hong Kong's prime shopping locations such as Causeway Bay and Central, where most of its stores are located, have risen substantially. Rental expenses surged 38.9 per cent ... the handbag chain 10 years ago, said Milan Station would continue to rent its 14 stores in Hong Kong, Macau and Beijing. Rental expenses would be kept between 6 and 10 per cent of the company revenue, ...

  7. Le Saunda net rises 32pc on home sales

    Posted Jun 21st 2006, 12:00am by Sandy Li

    ... increased 147 per cent to $47 million. Mr Wan expected rental expenses in the second half of this year to account for 20 per cent of the company's turnover, compared with 25 per cent last year. ... to shopping centres where rents were cheaper. 'We are confident the net profit margin will be maintained next year, since the rental turnover will most likely be below 20 per cent, compared ...

  8. High tenancy price fails to deter German toymaker

    Posted Nov 07th 2003, 12:00am by Sandy Li

    ... focus of expansion in the region despite rents remaining high compared with Europe,' Ms Chan said. While rental expenses in Hong Kong accounted for 25 per cent of the toymaker's ... is scheduled to open in about three weeks. Sheraton Valuers managing director Michael Chik Pa-fai estimated the store's rental could range from $200 per square foot. NICI Asia-Pacific sales ...

  9. Hang Seng to buy properties for mainland unit

    Posted Aug 14th 2007, 12:00am by Andy Chen

    ... said yesterday that there was 'pressure' on rental expense on the mainland as the bank expanded. She did not provide figures. The bank might buy the properties and lease them to its ... Hang Seng Bank, the HSBC unit expanding aggressively on the mainland, may buy properties for its outlets to cut surging rental costs. Hang Seng plans to buy properties on the mainland, ...

  10. Sa Sa to push deeper across the border

    Posted Jun 29th 2007, 12:00am by Andy Chen

    ... would continue to add outlets as well as cosmetics products to widen its brand mix, he said. Mr Kwok said that he expected rental expenses to increase as a percentage to sales as 14 stores ...




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