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  • November 24, 2014
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  1. Jiangsu Expressway rides out Sars storm

    Posted Aug 15th 2003, 12:00am by Denise Tsang

    ... of Sars. JP Morgan, Deutsche Bank and Daiwa Institute of Research - polled by Thomson First Call - had expected interim profit to grow between 4 per cent and 10 per cent. Turnover climbed 17 per cent to 1.2 billion yuan, with growth registered in every section of the company's road networks. Turnover from the Shanghai-Nanjing expressway, which accounted for 58.76 per cent ...

  2. VAT levy hits Wah Sang

    Posted Aug 13th 2003, 12:00am by Denise Tsang

    ... with an industry average gross profit margin of about 75 per cent, were Wah Sang's bread-and-butter business, representing 54.5 per cent of the company's $231.8 million in turnover. The firm charged an average connection fee of 2,408 yuan (HK$2,257) per household before taxation, which was flat compared with the same period last year. The remaining turnover was derived from providing ...

  3. CNAC hopes recovery in its earnings will continue

    Posted Mar 24th 2005, 12:00am by Denise Tsang

    ... Benefiting from record passenger and cargo traffic at Dragonair and Air Macau, CNAC boosted turnover 52.5 per cent to $1.87 billion last year. This offset a 102.96 per cent surge in fuel costs to $387.91 million last year. Dragonair, owned 43.29 per cent by CNAC and 25.5 per cent by Cathay and Swire, saw pretax profit surge 10 times last year from on a 43.8 per cent rise in turnover. Air ...

  4. Belle to press on with mainland network growth

    Posted Mar 25th 2009, 12:00am by Denise Tsang

    ... billion yuan. The profit in the previous year was inflated by a one-off gain of 364.2 million yuan from the interest income of its listing proceeds. Despite a 52.95 per cent rise in turnover ... at 64.9 per cent and 36.1 per cent, respectively. Sportswear generated about 46 per cent of the group's turnover, with the rest from footwear. To improve profitability, Belle shifted its ...

  5. Strong sales growth boosts Panva Gas 36pc

    Posted Aug 14th 2003, 12:00am by Denise Tsang

    ... months of the year on the back of strong sales growth. Turnover, which came mainly from pipeline construction and wholesale and retail liquified petroleum gas (LPG), jumped 41 per cent to $702.99 ... turnover, but about 60 per cent, or about $50 million, of its net profit. Wholesale and retail LPG sales accounted for 57.63 per cent of turnover and 40 per cent of net profit but the gross profit ...

  6. China Water Affairs core profits double

    Posted Jul 30th 2008, 12:00am by Denise Tsang

    ... 205.7 per cent at HK$79.8 million. Turnover of water supply soared 331 per cent to HK$240.3 million, or 31.39 per cent of the group's total of HK$765.53 million. The group's turnover ...


    Posted Dec 27th 2005, 12:00am by Denise Tsang

    ... years, has set an ambitious turnover target of $100 billion in five years- all to be driven by retailing groceries and apparel. Turnover was $47.07 billion last year. 'There will be changes ... remaining petroleum supply assets. The strategy seems to have worked well at CRE, which saw the retailing unit increase its net profit by 78.48 per cent to $1.86 billion on $39.38 billion turnover ...

  8. Li & Fung to pare costs despite 13pc net gain

    Posted Aug 14th 2009, 12:00am by Denise Tsang

    ... of this year, offsetting a 2.32 per cent decline in turnover to HK$46.29 billion. Managing director William Fung Kwok-lun, who expected flat sales from existing customers in the second half, said ... of the group's turnover, were so poor that analysts said the insolvencies of retailers KB Toys and Arcandor collectively shaved off HK$1.9 billion from Li & Fung in the first half. Amassing US$1 ...

  9. Zhejiang Express fears clampdown will brake growth

    Posted Aug 16th 2005, 12:00am by Denise Tsang

    ... Denise Tsang Advertising and servicing businesses boost turnover for toll-road operator Slower economic growth will put the brakes on traffic growth for Zhejiang Expressway, its chairman ... expressway and the Shangsan expressway. A bright spot for the group's business units was toll-road-related services such as advertising and vehicle servicing along the expressways whose turnover ...

  10. Li & Fung drops after client files for bankruptcy

    Posted Jun 11th 2009, 12:00am by Denise Tsang

    ... cent of the group's turnover last year. Managing director William Fung Kwok-lun, who was travelling in the United States for a potential acquisition, told the South China Morning Post ... that Li & Fung would have to 'work a lot harder' to achieve the firm's ambitious three-year plan, which aims to boost turnover to US$20 billion next year from last year's ...




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