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  • October 22, 2014
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  1. Property - Hong Kong & China - EARNINGS

    Lai Sun Development earnings driven by rentals and property sales

    Posted Oct 17th 2014, 05:29am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Sales and rentals drive Lai Sun profit Lai Sun Development recorded core earnings of HK$333.2 million for the year to July, driven by stronger rental income and property sales. The company posted an underlying loss, excluding property revaluations, of HK$201.4 million a year earlier. For the year to July, the group, which owns three investment properties ...

    http://www.scmp.com/property/hong-kong-china/article/1618018/lai-sun-development-earnings-driven-rentals-and-property
  2. Business - Companies - EARNINGS

    Sa Sa sales growth in HK drops 1pc in golden week on impact from protests

    Posted Oct 09th 2014, 11:14am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Street protests in Hong Kong led to a 1 per cent decline in year-on-year retail sales growth at Sa Sa International during the week-long National Day holiday, the Hong Kong-based cosmetics company said. The sales for golden week – traditionally a peak shopping period for mainland visitors – were below Sa Sa’s expectations for stores in Hong Kong ...

    http://www.scmp.com/business/companies/article/1612708/sa-sa-sales-growth-hk-drops-1pc-golden-week-impact-protests
  3. Business - Companies - EARNINGS

    New World cautious with new target despite record sales

    Posted Sep 24th 2014, 03:30pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Developer's net profit slumps 31.3pc on the back of decline in property revaluation gains, though contracted sales were double the set target New World cautious despite record sales New World Development kept a conservative target for contracted sales in the fiscal year to June 2015, even though its contracted sales hit a record in the previous ...

    http://www.scmp.com/business/companies/article/1599515/new-world-developments-net-plunges
  4. Business - China Business - EARNINGS

    New World China cuts sales target after net profit inches up 0.5pc

    Posted Sep 23rd 2014, 02:39pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Mainland developer's full year net profit flat at HK$4.64b, prompting it to cut 2015 sales target by 15pc amid challenging market conditions New World cuts sales target on flat net growth New World China Land, the mainland property arm of New World Development, said it cut its sales target for the current financial year by 15 per cent given ...

    http://www.scmp.com/business/china-business/article/1598678/new-world-china-beats-forecasts-05pc-rise-net-profit
  5. Business - Companies - EARNINGS

    McDonald’s August sales hit by China meat scandal

    Posted Sep 10th 2014, 10:23am by Agence France-Presse

    ... Agence France-Presse in New York Sales at McDonald’s restaurants dropped in August, hurt by a food-safety scandal in China and heavy competition in the US, the company said on Tuesday. The US fast-food giant said global comparable sales fell 3.7 per cent in August, bigger than the 2.5 per cent decline in July. “During August, McDonald’s global business faced several headwinds ...

    http://www.scmp.com/business/companies/article/1589202/mcdonalds-august-sales-hit-china-meat-scandal
  6. Business - China Business - EARNINGS

    China Overseas Land & Investment lifts operating profit 13.4pc

    Posted Oct 21st 2014, 01:55pm by Sandy Li

    ... months of the year. Turnover jumped 12.6 per cent from the same period last year to HK$61.18 billion on strong sales, the developer said in a filing with the stock exchange on Tuesday. In a tough market environment, China Overseas Land said, the group and its joint-venture operations secured contracted sales of HK$105.6 billion from January to September. It has achieved 75.4 per cent ...

    http://www.scmp.com/business/china-business/article/1621228/china-overseas-land-investment-lifts-operating-profit-134pc
  7. Business - Companies - EARNINGS

    Shun Tak boosts first-half core profit 225.6pc on strong property sales

    Posted Aug 29th 2014, 02:25pm by Yvonne Liu

    ... in the first half of the year, driven mainly by strong property sales. Net profit, including property revaluation gains, grew 63.99 per cent to HK$1.1 billion from HK$672 million in the first half ... last year. The contribution of property sales to operating profit was HK$563 million in the first half, compared with just HK$34 million a year earlier. Most of the sales were generated ...

    http://www.scmp.com/business/companies/article/1581679/shun-tak-boosts-first-half-core-profit-2256pc-strong-property
  8. Property - Hong Kong & China - EARNINGS

    Shimao's net jumps, but weak sales spur cut in R&F's target

    Posted Aug 27th 2014, 01:28am by YVONNE LIU AND SANDY LI

    ... per cent jump in first-half net profit yesterday, but falling turnover prompted fellow developer Guangzhou R&F Properties to cut its full-year target for contracted sales by 14 per cent. ... slightly in the second half as Shimao tried to boost sales. The firm generated more than 32.1 billion yuan from contracted sales in the first half. It will launch sales of flats worth 10 billion ...

    http://www.scmp.com/property/hong-kong-china/article/1580992/shimaos-net-jumps-weak-sales-spur-cut-rfs-target
  9. Property - Hong Kong & China - EARNINGS

    Midland losses narrow as new homes sales rebound

    Posted Aug 27th 2014, 01:27am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Turnover rises 8.1pc but the company chairman says he expects the second half to remain hard Midland losses narrow as new home sales rebound A sharp rebound in sales of new homes and cost control measures helped Hong Kong's only listed realtor, Midland Holdings, to cut losses by more than half in the first six months of the year. Chairman Freddie ...

    http://www.scmp.com/property/hong-kong-china/article/1580996/midland-losses-narrow-new-homes-sales-rebound
  10. 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 Appliances Holding expects online sales to grow to 20 per cent of its total business by the end of the year as it announced first-half profit that surged 115 per cent to 693 million yuan (HK$871 ...

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

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