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  • August 20, 2014
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  1. Powerlong tips 224pc jump in profit for year

    Posted Sep 25th 2009, 12:00am by Peggy Sito

    ... billion) for the year to December. The builder of residential-retail projects in the mainland's inland cities is selling one billion shares at HK$3.30 to HK$4.90 each. Net profit was 937 ... residential developments and large retail centres. The company sells residential units and high-street shops to generate revenue while holding on to large shopping centres as long-term investments. ...

  2. CRE expects stimulus to fuel rebound in retail sales

    Posted Mar 26th 2010, 12:00am by Denise Tsang

    ... during the first two months of the year, while the 128 outlets in Hong Kong saw improvement. The economic slowdown hurt the underlying net profit of the group's retail division, which fell ... and spilled into the Lunar New Year in February,' Chen said yesterday. 'The time ahead looks challenging, but we do expect some recovery in retail consumption.' CRE, which operates ...

  3. CRE budgets HK$2b for retail expansion

    Posted Sep 04th 2009, 12:00am by Eric Ng

    ... Eric Ng China Resources Enterprise (CRE), the retail and food and beverage unit of state-backed conglomerate China Resources (Holdings), has budgeted HK$2 billion for its retail business ... overall mainland economy has shown signs of bottoming out and stabilisation following the government's economic stimulus policies,' Chen said. 'The mainland retail industry ...

  4. Retail investors shun SJM offering

    Posted Jul 01st 2008, 12:00am by Staff Reporter

    ... Wong Ka-chun SJM Holdings, one of the six casino operators in Macau, has seen the institutional portion of its HK$5.1 billion share offering two times oversubscribed but retail investors ... in the three years to 2010. BNP said a good supply of high-quality gaming resorts due for launch up to 2010 would help prevent further erosion of the company's market share in Macau. But retail ...

  5. China Resources sees retail rebound

    Posted Apr 08th 2004, 12:00am by Denise Tsang

    ... retail business to turn around this year after last year's $99 million loss, according to a senior official. The retail business- spanning supermarkets, department stores and apparel distribution- was China Resources' only loss-making division last year. Group net profit rose 3.57 per cent to $1.45 billion. The poor retail result came despite a 51 per cent jump in turnover ...

  6. Retail and beverage units boost CRE earnings

    Posted Sep 07th 2006, 12:00am by Carol Chan

    ... Carol Chan Red-chip conglomerate China Resources Enterprise (CRE) said first-half underlying profit rose 16 per cent as earnings from its retail, beverage and food businesses surged. The Beijing-backed company, which is refocusing on retail and consumer products, said yesterday it earned HK$1.265 billion in the first six months of this year, up a mere 0.2 per cent from HK$1.262 billion ...

  7. Red chip giant focuses on core retail business

    Posted May 09th 2005, 12:00am by Staff Reporter

    ... to be driven by core retailing. 'We see our core retail business being driven by rapid economic growth in the mainland rather than by acquisitions, as in the past,' chairman Charley Song Lin ... retailer?' Mr Song asked. Executive director Francis Kwong Man-him said about $3 billion was earmarked for the group's expansion in retail and beer and food processing this year, with 50 per ...

  8. Hold the tears for cashed-up retailers seeking mall mercies on rents

    Posted Feb 22nd 2005, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'The store would never make a profit if we accepted the new rate. We hope other retailers oppose the high rent policy.' Paul Law Tim-fuk Director, Luk Fook Holdings International (Jewellery retailer) OUR HEADLINE ON the front page story on Saturday stated it more strongly- 'Retailers refuse to pay as rents skyrocket up to 60 per cent'. ...

  9. Beverages and retailing boost profit at China Resources

    Posted Sep 03rd 2004, 12:00am by Denise Tsang

    ... Denise Tsang China Resources Enterprise is banking on beverages and retailing to propel further growth after they helped lift the red chip's net profit 6.96 per cent to $801.97 million in the first half of this year. Shrugging off the Sars legacy, the group's core supermarket and apparel retailing businesses returned to the black with an interim profit of $78.74 ...

  10. Dickson steps up mainland luxury push

    Posted Dec 09th 2004, 12:00am by Sandy Li

    ... Sandy Li Significant lifestyle stores are being planned for key cities, big and small Dickson Concepts (International) is pressing ahead with plans to become the leading luxury retailer ... be established as anchor tenants of major retail developments. Dickson Concepts also operates 140 outlets measuring between 1,000 sq ft and 10,000 sq ft in 25 mainland cities. In Hong Kong, the company ...




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