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  1. HKEx profit dives 43pc on falling turnover

    Posted Nov 13th 2008, 12:00am by Staff Reporter

    ... greater than the decline in average daily market turnover, which fell 35 per cent to HK$63.6 billion year on year for the quarter. The bourse operator derived two-thirds of its income from fees related to market turnover. The steeper drop in earnings is partly due to a 46 per cent increase in operating expenses. That is because HKEx made a HK$159 million provision for impairment losses ...

  2. Index maintains climb despite falling turnover

    Posted Feb 18th 2006, 12:00am by Staff Reporter

    ... Fiona Lau Hong Kong stocks rose for a fourth straight day yesterday but buying momentum sagged as market turnover shrank to $25.44 billion from $31.82 billion on Thursday. Brokers said several unfavourable factors combined to cause the drop in turnover, citing worries over funds outflows as the most important. Kenny Tang Sing-hing, an associate director at Tung Tai Securities, ...

  3. Sa Sa net jumps 41pc as sales rise despite recession, swine flu

    Posted Nov 28th 2009, 12:00am by Celine Sun

    ... and forecasting double-digit turnover growth. The healthy result came despite the gloomy economy and a swine flu outbreak. Shares of the popular chain, which sells beauty and skin care products, have soared 143 per cent so far this year. The company had turnover of HK$1.76 billion during the six months to September, up 8.3 per cent from HK$1.63 billion a year ago. Profit surged to HK$123.52 ...

  4. 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 ...

  5. Semiconductor firm bounces back

    Posted Mar 23rd 2011, 12:00am by Yvonne Liu

    ... The mainland analogue semiconductor company recorded a net profit of HK$279.55 million last year as turnover rose 27.6 per cent to HK$3.87 billion, compared with HK$3.04 billion the previous year. The growth in turnover was due to an increase in orders as the semiconductor business recovered and demand picked up on the mainland starting from the second quarter of 2009. The company's total ...

  6. Comment - Insight & Opinion

    How US creates currency wars with no winners

    Posted May 25th 2013, 12:00am by Andrew Sheng

    ... Andrew Sheng Andrew Sheng says academic's book delivers irrefutable home truths on US monetary policy Unfair exchanges:dollar indisciplinecreates currency wars with no winners Travelling around Southeast Asia last week, the mood was all about currency fluctuation and its impact on markets. Things do look different when the Thai stock market's daily turnover touches ...

  7. Hong Kong struggles as forex trading centre

    Posted Sep 27th 2007, 12:00am by Tom Holland

    ... Settlements. The survey ranked Hong Kong as the world's sixth-largest foreign exchange market, ahead of Australia in seventh place. The data showed that market turnover in Hong Kong rose ... credentials as a cutting-edge foreign exchange and derivatives centre a little less shiny. Sure, Hong Kong's turnover was up 71 per cent, but that rise was bang in line with the growth ...

  8. Business - China Business - RESULTS

    Sportswear shares bounce back

    Posted Aug 22nd 2012, 12:00am by Celine Sun

    ... for the period and a 9.9 per cent drop in turnover to 2.9 billion yuan. The third company, Peak Sport, posted a sharp decrease of 43 per cent in net profit to 240 million yuan, with a 29 per cent slump in turnover. The stock prices of Xtep, 361 Degrees and Peak rose 8.9, 8.5 and 3.7 per cent respectively, closing at HK$2.94, HK$2.16 and HK$1.39 per share. That compared with a minor fall of 0.02 per ...

  9. Blue chip takes 54pc bite on earnings

    Posted Nov 18th 2011, 12:00am

    ... Sophie Yu sophie.yu@scmp.com China Resources Enterprise said net profit fell by more than half in the first nine months of the year as taxes and labour costs rose. Turnover ... business, retail, had turnover of HK$52 billion in the nine months, representing a rise of 27.5 per cent. Same-store sales grew 11.6 per cent during the period. China Resources Enterprise has been ...

  10. Government HKEx stake sours

    Posted Feb 22nd 2008, 12:00am by Enoch Yiu, Nick Westra

    ... than HK$2 below the average price the government paid for the company's shares. Analysts forecast further losses ahead as concern about a possible global recession hits turnover ... not optimistic about HKEx,' said Ivan Li, an analyst at Kim Eng Securities. 'I expect the worse is yet to come and there may be pressure on the stock price and turnover in the local ...




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