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  • April 25, 2014
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  1. Business - Commodities - EARNINGS

    Profit at power firm Datang dragged down by coal-to-chemicals unit

    Posted Mar 27th 2014, 12:58am by Eric Ng

    ... unit of China Datang Group is one of the five state-owned national power generation groups and its coal-to-chemicals operation was a factor in dragging down profits in 2013. Excluding a 241.5 ... Eric Ng eric.mpng@scmp.com Coal-to-chemicals unit drags down Datang profit Datang International Power Generation posted an underlying pre-tax profit growth of 54 per cent for last year, ...

  2. Business - Commodities - EARNINGS

    Sinopec details sale plan of fuel unit

    Posted Mar 25th 2014, 01:32am by Eric Ng

    ... plan of fuel unit China Petroleum & Chemical (Sinopec) aims to complete by the third quarter a fund-raising exercise for its fuel marketing operations to help cut debt, fund shale gas development and fuel quality upgrade programmes. The nation's second-largest oil and gas producer and the world's second-largest oil refiner plans to set up a company to hold its motor fuel ...

  3. Business - Commodities - EARNINGS

    Huaneng warns of output challenge

    Posted Mar 19th 2014, 01:25am by Eric Ng

    ... profit. The listed unit of the mainland's largest power producer, China Huaneng, said because its generating units were mainly in coastal eastern and southern regions, where coal-fired power ... of hydropower units, and various ultra-high-voltage power lines for delivering power from western to eastern regions, eastern regions' coal-fired plants' room for generation is being ...

  4. Business - China Business - EARNINGS

    Strong BMW venture sales lift Brilliance China profit 47 per cent

    Posted Mar 28th 2014, 01:40am by Kwong Man-ki

    ... by contributions from BMW Brilliance, the 50-50 joint venture with German carmaker BMW. Profit from the venture rose 47.7 per cent to 3.4 billion yuan, with car sales up by 28.5 per cent to 206,729 units ... by 28.4 per cent to 265,400 units, and 306,300 units next year, he said in a research note. Wu Xiaoan, the chairman of Brilliance China, said the BMW joint venture continued with its expansion ...

  5. Business - China Business - EARNINGS

    Component supplier AAC bets on broader product line to boost sales

    Posted Mar 26th 2014, 06:34am by BIEN PEREZ

    ... performance had been "underpinned by strong seasonality and improving economies of scale". Barclays forecast global smartphone unit shipments would increase 25 per cent to 1.17 billion this year, while technology research firm IDC predicted worldwide tablet shipments to jump 19 per cent to 260.9 million units. Strategy Analytics estimated the global shipments of so-called ...

  6. Business - Commodities - EARNINGS

    Nexen costs eat into CNOOC profit

    Posted Mar 29th 2014, 01:13am by Eric Ng

    ... out of control." Total operating cost per unit of output surged 26 per cent to US$45 a barrel of oil equivalent, while average oil selling price fell 5.3 per cent to US$104.60 a barrel. ...

  7. Business - Companies - EARNINGS

    Noble Group's net dives 48pc on loss in agriculture unit

    Posted Feb 22nd 2014, 01:15am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Noble net dives 48pc on loss in agriculture unit Noble Group, a Hong Kong-based grain and energy product supply chain manager, reported a 48 per cent drop in net profit last year as its agriculture business sailed into the red on a drop in sugar prices and low crushing margins on oilseeds in South America. The net profit ...

  8. Business - China Business - EARNINGS

    Weaker demand and competition hit China Eastern

    Posted Mar 28th 2014, 01:40am by Keira Lu Huang

    ... cabins, China Eastern is eyeing the low-cost flight business. With its subsidiary China United Airlines moving into the second airport in Beijing, the company is considering the potential ...

  9. Business - Banking & Finance - EARNINGS

    Bank of China (Hong Kong) flags cut to dividend payout ratio

    Posted Mar 27th 2014, 12:58am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Move by Bank of China unit from this year is aimed at meeting higher capital requirements and follows 6.3pc rise to record profit for 2013 BOCHK flags cut to dividend payout ratio Bank of China (Hong Kong), the subsidiary of Bank of China in the city, plans to cut its dividend payout ratio to shareholders despite seeing its net profit rise 6.3 per cent ...

  10. Business - Commodities - EARNINGS

    ENN targets 25pc growth in gas sales after profit falls 15.5pc

    Posted Mar 26th 2014, 06:34am by Eric Ng

    ... users, whose usage exceeds the average volume of 80 per cent of families across the country, will have to pay 20 to 50 per cent more for each unit of gas exceeding the threshold. ...




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