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  • July 26, 2014
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  1. Business - Companies - EARNINGS

    CKI seeks new investments after windfall profit

    Posted Jul 25th 2014, 01:35am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com CKI, Power Assets on acquisition trail after sizeable one-off gain from HK Electric sale Li firms seek new investments after windfall profit Cheung Kong ... infrastructure arena, both in new and existing sectors and geographies," chairman Victor Li Tzar-kuoi said in a statement while announcing a 367 per cent year-on-year jump in net profit to HK$24.11 ...

    http://www.scmp.com/business/companies/article/1558514/cki-seeks-new-investments-after-windfall-profit
  2. Business - Companies - EARNINGS

    IBM revenue falls further in second quarter but beats market target

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... Bloomberg in New York IBM revenue falls further but beats market target International Business Machines Corp's second-quarter sales topped analysts' estimates, getting chief executive Ginni Rometty closer to her profit goals. While revenue fell 2 per cent from a year earlier to US$24.4 billion- the ninth consecutive quarterly drop- declines for products like mainframe ...

    http://www.scmp.com/business/companies/article/1556525/ibm-revenue-falls-further-second-quarter-beats-market-target
  3. Business - Companies - EARNINGS

    LVMH sales slow in Hong Kong as Chinese demand drops globally

    Posted Jul 25th 2014, 11:58am by Reuters

    ... time to pay off. LVMH's sales growth in the quarter reached 3 per cent on a like-for-like basis, below analysts' expectations for 5 to 6 per cent, while operating profit in the first ...

    http://www.scmp.com/business/companies/article/1558885/lvmh-sales-slow-hong-kong-chinese-demand-drops-around-world
  4. Business - Companies - EARNINGS

    Facebook beats targets with 61pc boost in second-quarter revenue

    Posted Jul 25th 2014, 01:35am by Reuters

    ... was expecting this level of profitability RONALD JOSEY, JMP SECURITIES "We're seeing our existing advertisers spend more and we're seeing new people come on to the platform," ... of US$2.81 billion. Facebook executives stressed on a conference call that the company planned to invest aggressively in new projects, such as the Oculus virtual reality headset business ...

    http://www.scmp.com/business/companies/article/1558531/facebook-beats-targets-61pc-boost-second-quarter-revenue
  5. Business - Companies - EARNINGS

    Foxconn chief Gou calls for patience as he invests to tap new markets

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... Bloomberg in Taipei iPhone maker to add 15,000 workers in Taiwan and boost automation in bid to tap new markets Foxconn chief calls for patience as growth slows Foxconn Technology chairman Terry Gou asked shareholders to give him time to invest in new businesses including car electronics and cloud computing as he chases clients such as Tesla Motors amid slowing sales. "Please ...

    http://www.scmp.com/business/companies/article/1540545/foxconn-chief-gou-calls-patience-he-invests-tap-new-markets
  6. Business - Companies - EARNINGS

    Google's second-quarter revenue tops estimates on robust ad sales

    Posted Jul 19th 2014, 01:58am by BLOOM

    ... Larry Page is adding new features in mobile, video and web services to boost user traffic and attract marketers as he seeks to bolster Google's main ad business. As a result, the number of clicks on ads on YouTube, search and other Google sites increased 33 per cent in the latest quarter, making up for a decline in ad prices. Since Google gets paid each time someone clicks ...

    http://www.scmp.com/business/companies/article/1556529/googles-second-quarter-revenue-tops-estimates-robust-ad-sales
  7. Business - China Business - EARNINGS

    SMIC boosts margins on way to ninth straight profitable quarter

    Posted Jul 22nd 2014, 12:29am by BIEN PEREZ

    ... beneficiary of a new central government policy announced in May which aimed to accelerate the development of the domestic semiconductor industry. "Since the release of our second-quarter gross ...

    http://www.scmp.com/business/china-business/article/1557110/smic-boosts-margins-way-ninth-straight-profitable-quarter
  8. Business - Money - EARNINGS

    Profit outlook dims for mainland China firms traded in the US market

    Posted Jul 01st 2014, 04:05am by Bloomberg

    ... Bloomberg in New York Outlook dims over China slowdown The most actively traded mainland companies in the United States are on track to report the smallest profits in two years as growth ... Prices of new homes declined last month in half the 70 mainland cities tracked by the government for the first time in two years. SouFun, the country's biggest real estate information ...

    http://www.scmp.com/business/money/markets-investing/article/1543911/profit-outlook-dims-mainland-china-firms-traded-us
  9. 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 ... for part-time workers, distribution and warehousing has limited growth in the domestic business. ...

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

    Samsung signals 25pc drop in operating profit

    Posted Jul 08th 2014, 10:28am by Reuters

    ... "The company cautiously expects a more positive outlook in the third quarter with the coming release of its new smartphone line-up," Samsung said, adding that it expected stronger ... and would be the first annual decline since Samsung adopted new accounting standards in 2009. ...

    http://www.scmp.com/business/companies/article/1549426/samsung-signals-25pc-drop-operating-profit

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