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  • September 22, 2014
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  1. Surging turnover lifts Li Ning profit 52.3pc

    Posted Mar 19th 2009, 12:00am by Toh Han Shih

    ... Toh Han Shih The net profit of Li Ning rose 52.3 per cent to 721.3 million yuan (HK$818.17 million) last year as turnover grew 53.8 per cent to 6.69 billion yuan. Sales of Li Ning brand footwear soared 60 per cent to 2.92 billion yuan while apparel sales jumped 44 per cent to 3.1 billion yuan. The sportswear retailer attributed the strong growth to marketing, brand promotion, ...

  2. Baosteel sees gains slump 50pc

    Posted Oct 30th 2007, 12:00am by Carol Chan

    ... analysts polled by Reuters. Turnover rose 15.6 per cent to 50.12 billion yuan. The steelmaker's profit was crimped by squeezed margins at its stainless steel business because of high prices for nickel, a raw material. For the first nine months this year, Baosteel's profit rose 13.7 per cent to 10.55 billion yuan on turnover of 144.2 billion yuan. The Shanghai-based steelmaker ...

  3. China Power posts 77.3pc income slump

    Posted Sep 06th 2007, 12:00am by Peggy Sito

    ... Peggy Sito China Power International Development said its first-half profit slumped 77.3 per cent on increased fuel costs and an unrealised loss related to convertible bonds issued by associate Shanghai Electric Power. Net profit plunged to 69.6 million yuan in the six months to June 30 from 306.6 million yuan a year earlier. Turnover rose 10.2 per cent to 2.745 billion yuan. ...

  4. Business - Economy - CURRENCIES

    Canada steps up push to create yuan trading hub

    Posted Feb 08th 2014, 05:12am by Bloomberg

    ... Turnover in the yuan jumped to the equivalent of US$120 billion a day by April last year, up from US$34 billion in April 2010, as it became the ninth-most actively traded currency with a 2.2 per ...

  5. Business - Economy - CURRENCIES

    Pressure on Hong Kong to remain top yuan hub

    Posted Sep 23rd 2013, 12:00am by Enoch Yiu

    ... could be marginalised. According to the Bank for International Settlements, trading between the yuan and other currencies grew to 17.8 per cent of total average daily turnover in Hong Kong, ... that the Hong Kong dollar was being marginalised just by looking at changes in foreign exchange turnover. "As Hong Kong consolidates its position as a global hub for offshore yuan business, ...

  6. Business - Commodities

    Yuan's rise powers surge in gold trade

    Posted May 25th 2013, 12:00am by Bloomberg

    ... Bloomberg Turnover in precious metal up sharply as currency gain seen limiting players' risks Yuan's rise powers surge in gold trade Follow @SCMP_News Trading in gold using the yuan has tripled in Hong Kong this year as the currency's rally to a 19-year high helps limit risks for jewellers. Average daily volume was 6.5 billion yuan (HK$8.2 billion) so far ...

  7. China Railway interim profit soars 190.1pc

    Posted Aug 30th 2008, 12:00am by Staff Reporter

    ... Jonathan Yang Infrastructure builder China Railway Group says net profit jumped 190.1 per cent to 1.91 billion yuan (HK$2.18 billion) for the first half of the year from 657 million yuan last year. Turnover rose 26.62 per cent to 93 billion yuan. Of the revenue, 91.98 billion yuan came from the mainland, up 24.5 per cent year on year. Turnover from Hong Kong and Macau dropped ...

  8. Business - Money - IPO PREVIEW

    Yuan listings in Hong Kong face uncertain future

    Posted Jun 10th 2013, 12:00am by Ray Chan

    ... turnover in the secondary market. Moreover, there are few commercial incentives for issuers to sell shares denominated in yuan unless they have a patriotic reason to do so. Consider the lack ...

  9. In Brief

    Posted Aug 27th 2005, 12:00am by Staff Reporter

    ... weichai nets 250m yuan Heavy truck engine maker Weichai Power has posted a 2.98 per cent year-on-year rise in interim net profit to 250.22 million yuan. Turnover grew 15.22 per cent ... a 198.77 million yuan profit a year ago, despite turnover rising 29 per cent to 7.66 billion yuan. weiqiao earns 471m yuan Weiqiao Textile, China's largest cotton textile producer, saw its ...

  10. Promotions boost Parkson interim profit

    Posted Aug 24th 2009, 12:00am by Staff Reporter

    ... Turnover increased 10.26 per cent to 1.72 billion from 1.56 billion yuan. The company declared a dividend of five fen per share, a decline from six fen a year earlier. ...




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