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  • September 22, 2014
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  1. Property - Hong Kong & China - RESULTS

    Longfor stock falls on poor results

    Posted Aug 04th 2014, 05:05pm by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Developer's first-half core profit falls 22pc with year's sales target at risk Downturn bites into Longfor earnings Shares of Hong Kong-listed ... downturn hit sales. The company sold just 40 per cent of its housing stock in the first half, putting it behind a full-year target of 58 per cent, while its net gearing ratio rose to 66.2 per cent ...

  2. Business - Banking & Finance - RESULTS

    OCBC drinks to a record profit from brewery sale

    Posted Nov 10th 2012, 12:00am by BLOOM

    ... Bloomberg in Singapore OCBC drinks to a record profit from brewery sale Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, posted record quarterly profit on a gain from the sale of stakes in a drinks manufacturer and a brewery. Third-quarter net income more than tripled to S$1.85 billion (HK$11.7 billion) from S$513 million a year earlier, ...

  3. Business - China Business - RESULTS

    Fantasia's profit dives but 'sales target can still be met'

    Posted Aug 18th 2012, 12:00am by Paggie Leung

    ... Paggie Leung paggie.leung@scmp.com Fantasia's profit dives but 'sales target can still be met' Mainland developer Fantasia Holdings Group's interim net profit plunged by nearly 60 per cent in the first half this year even though sales exceeded the company's expectations. The Shenzhen-based developer's interim profit attributable to shareholders ...

  4. Business - Companies - RESULTS

    All eyes will be on AS Watson spin-off plans when Hutchison reports results

    Posted Feb 26th 2014, 10:57am by Charlotte So

    ... by the acquisition of Orange Austria, as a result of which the division’s earnings before tax and interest (ebit) grew 50 per cent year on year, Morgan Stanley said in a report. Property sales ...

  5. Business - Companies - RESULTS

    Hutchison profit rise beats expectations

    Posted Aug 03rd 2013, 12:00am by CHARLOTTE SO AND SANDY LI

    ... attributable contracted sales of 10.2 million square feet this year. The company's contracted sales would surge 36 per cent this year to HK$17.3 billion from 2012, Choi estimated. Management told ... of 4G licences in Europe. Separately, analysts remained upbeat about parent firm Cheung Kong's full-year earnings as sluggish home sales in Hong Kong could be offset by strong business ...

  6. Business - China Business - RESULTS

    Beijing Enterprises upbeat on gas outlook

    Posted Aug 31st 2013, 12:00am by Eric Ng

    ... a 17.2 per cent rise in first-half gas sales to 4.7 bcm. The entire firm's first-half net profit rose 13.6 per cent to 2.06 billion yuan, 3.7 per cent less than the 2.14 billion yuan average ...

  7. Business - Companies - RESULTS

    Earnings alerts paint grim picture for Hong Kong-listed firms

    Posted May 16th 2013, 12:00am by Kwong Man-ki

    ... partly because of a decrease in sales due to unfavorable macroeconomic factors. Daiwa Associate, which produces and distributes electronic components and consumer electronics, said it expected to slip into the red for the year to March from the previous year because of high production costs and decreased sales and margins. In addition, the drop in prices of building materials ...

  8. Business - Companies - RESULTS

    Rain dampens earnings for China Resources Enterprise

    Posted Nov 22nd 2012, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Sales at its beer unit slump in third quarter as mainland labour costs and minimum wage law in Hong Kong weigh on retail unit Rain dampens earnings ... of rainy weather across the regions where we have a dominant market share has hammered the sales volume and price of beer as a whole," the company said in a press release. With bad weather ...

  9. Business - Companies - RESULTS

    Retailer to expand circle on mainland China

    Posted Mar 28th 2013, 12:00am by PAUL SOH

    ... convenience-store sales in Hong Kong and southern China last year increased by 4 per cent and 11 per cent respectively from 2011. Operating expenses as a percentage of turnover decreased marginally- ...

  10. Business - Companies - RESULTS

    9pc profit fall latest setback for Citic

    Posted Aug 17th 2012, 12:00am by Charlotte So

    ... profit of the property-to-steel conglomerate is even steeper after stripping off a HK$2.49 billion gain from the sale of its interest in computer network company Citic Guoan and a HK$909 million ... months as product prices and margins were under pressure even while sales volume rose. "We expect the rest of 2012 to continue to be tough," said the company, adding overcapacity ...




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