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  1. Business - China Business - EARNINGS

    Insurer China Life diversifies with bid for Sinopec retail unit

    Posted Aug 28th 2014, 05:03am by Kwong Man-ki

    ... Life Insurance is seeking to diversify its investment portfolio by planning to invest in China Petroleum & Chemical Corp's (Sinopec) retail unit after reporting better-than-expected ... with Phillip Securities. "China Life has a bigger chance to be shortlisted with its background as a state-backed company," Chen said, adding a capital investment in the retail unit ...

    http://www.scmp.com/business/china-business/article/1581324/insurer-china-life-diversifies-bid-sinopec-retail-unit
  2. Business - Companies - EARNINGS

    Houseware retailer takes MTR route to expansion

    Posted Jul 28th 2014, 04:27am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Company plans to open stores in train stations after posting 42.2 per cent increase in profit Houseware retailer takes MTR route to expansion International Housewares Retail, which runs the store chain Japan Home Centre, plans to open its first store in an MTR station, in Siu Hong, in September, with two more MTR station outlets to follow by the end ...

    http://www.scmp.com/business/companies/article/1560741/houseware-retailer-takes-mtr-route-expansion
  3. Business - Companies - EARNINGS

    Fast Retailing cuts 2014 profit forecast

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

    ... Bloomberg in Tokyo Fast Retailing cuts annual profit forecast Fast Retailing, Asia's biggest clothing retailer, cut its forecast for annual profit for the second time in the current ... not profitable" and did not meet target in the third quarter, Fast Retailing spokesman Keiji Furukawa said. There could be an impairment charge relating to the unit and costs of opening US stores ...

    http://www.scmp.com/business/companies/article/1551432/fast-retailing-cuts-2014-profit-forecast
  4. Business - Companies - EARNINGS

    Interim underlying profit at Swire Properties jumps 34pc

    Posted Aug 14th 2014, 03:20pm by PEGGY SITO AND YVONNE LIU

    ... Peggy Sito and Yvonne Liu Property developer is optimistic about future performance as office, retail and residential demand are expected to increase in second half Swire unit upbeat ... underlying profit for the same period grew 31 per cent to HK$4.33 billion on higher profits from its property, aviation, beverage and trading and industrial divisions. Fall in retail sales … has ...

    http://www.scmp.com/business/companies/article/1573517/interim-underlying-profit-swire-properties-jumps-34pc
  5. Business - China Business - EARNINGS

    Golden Eagle profit down 23.2pc

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

    ... wary of e-stores Mainland department store operator Golden Eagle Retail Group said yesterday that it was in no rush to develop an e-commerce platform despite reporting a 23.2 per cent fall ... operator Intime Retail (Group) reported a 2.4 per cent fall in same-store sales growth in the first half while Parkson Retail Group reported an 8 per cent drop in same-store sales in the first ...

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

    Chinese shoe retailer Belle aims to 'remain steady' as profit falls 12pc

    Posted May 28th 2014, 01:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com The mainland shoe retailer says it is unlikely to achieve its goal of low single-digit growth for same-store sales this year Belle aims to remain steady as profit falls 12pc Mainland shoe retailer Belle, which yesterday reported a 12 per cent fall in net profit for the first two months of this year, says it will be difficult to achieve its target ...

    http://www.scmp.com/business/companies/article/1520197/chinese-shoe-retailer-belle-aims-remain-steady-profit-falls-12pc
  7. Business - Companies - EARNINGS

    Fashion retailer IT sees profits plunge over Hong Kong slump

    Posted May 23rd 2014, 12:51am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Profits at fashion firm IT drop in HK slump Fashion retailer IT's profit fell 27.3 per cent year on year as it faced rising rental and labour costs in its main markets, and a slowdown in Hong Kong retail spending. Net profit for the year ended February was down to HK$280 million, compared to HK$385 million the year before. Turnover increased ...

    http://www.scmp.com/business/companies/article/1518235/fashion-retailer-it-sees-profits-plunge-over-hong-kong-slump
  8. Business - Companies - EARNINGS

    Hysan Development posts 4.7pc gain in underlying interim profit

    Posted Aug 08th 2014, 02:57pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Hysan base rents strategy pays as retail sales soften Hysan Development, the largest landlord in Causeway Bay with properties such as Hysan Place, boosted its ... earlier. "Last year, our internal study forecast [that] Hong Kong retail sales just grew 4 or 5 per cent, compared to the market's expectation of a 12 per cent increase. We were the most ...

    http://www.scmp.com/business/companies/article/1569164/hysan-development-posts-47pc-gain-underlying-interim-profit
  9. Business - Companies - EARNINGS

    Gome pushing online sales as interim profit soars

    Posted Aug 25th 2014, 12:39pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Mainland electrical appliance retailer wants to lift internet share to 20 per cent as profit soars Gome aims to double online sales Gome Electrical ... million). Online transactions account for 10 per cent of the mainland retailer's sales, which reached 29.12 billion yuan in the first six months, up 7.41 per cent from the same period last ...

    http://www.scmp.com/business/companies/article/1580525/online-sales-push-helps-lift-gome-first-half-profit-115pc
  10. Business - Companies - EARNINGS

    Net income triples at Alibaba as revenue jumps 46pc

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

    ... as we go through the [flotation] process." Alibaba accounts for about 80 per cent of all online retail sales on the mainland, where rising internet usage and an expanding middle class ... accumulates scale, its revenue growth still outpaces Amazon's. The US online retailer reported a 23 per cent jump in third-quarter revenue to US$19.34 billion, half of Alibaba's pace ...

    http://www.scmp.com/business/companies/article/1581422/net-income-triples-alibaba-revenue-jumps-46pc

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