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  • October 2, 2014
  • Last updated: 6:27am
Hong Kong




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  1. Business - Companies - EARNINGS

    Esprit reverses huge loss with HK$210m net profit on cost cuts

    Posted Sep 24th 2014, 03:47am by Sophie Yu

    ... shares spiked 9 per cent in early afternoon trading yesterday- the most in almost two years- after it reported better-than-expected annual results. The apparel retailer posted a net profit ... to last year. Capital expenditure fell 59.2 per cent year on year to HK$375 million in the previous financial year. The shares closed yesterday at HK$12.74, up 2.7 per cent, while the benchmark ...

  2. Business - Companies - EARNINGS

    New World cautious with new target despite record sales

    Posted Sep 24th 2014, 03:30pm by Yvonne Liu

    ... more than double the sales target of HK$10 billion. "The property sales were faster than our expectations," New World chairman Henry Cheng Kar-shun said yesterday. "Our sales ... cut the prices of new homes and this could offset the impact. We would cut the price if it is the only way to lure buyers." The developer yesterday said underlying profit, excluding ...

  3. Business - Companies - EARNINGS

    Hong Kong Jockey Club seeks higher returns from alternative investments

    Posted Sep 16th 2014, 03:23am by Enoch Yiu

    ... organisation operates horse racing, football betting and the Mark Six Lottery in the city. Jockey Club steward Eric Li Ka-cheung said yesterday the increase in alternative investment was aimed ...

  4. Property - Hong Kong & China - EARNINGS

    SHKP sees tough times ahead for property developers in Hong Kong

    Posted Sep 13th 2014, 04:08am by Sandy Li

    ... and subsidising stamp duties to entice buyers. SHKP shares dropped 0.17 per cent to close at HK$117.90 yesterday before the release of the earnings results. Kwok said fierce competition to sell flats ...

  5. Business - Companies - EARNINGS

    Core profit rises 10.5pc at Yuexiu Property

    Posted Aug 27th 2014, 05:59pm by Peggy Sito

    ... healthy," Zhang said in a news conference to announce the interim results yesterday. Net profit fell 28.4 per cent to 1.68 billion yuan, mainly owing to a decline from the same period a year earlier ... of Yuexiu Property yesterday fell 1.17 per cent to close at HK$1.69. ...

  6. Business - Companies - EARNINGS

    Qantas posts net loss of A$2.8b as it writes down its ageing fleet

    Posted Aug 29th 2014, 01:14am by AFP

    ... Joyce said yesterday the worst was now over for the carrier. "There is no doubt [the] numbers are confronting, but they represent the year that is past," he said. "We have now ...

  7. Business - Banking & Finance - EARNINGS

    China Construction Bank posts slower 9pc gain in first-half profit

    Posted Aug 30th 2014, 01:29am by DON WEINLAND

    ... a single-digit growth era and this means the whole industry is back to normal," Peng said. China Merchants Bank, the mainland's largest joint-stock bank, reported yesterday net profit jumped ...

  8. Business - Companies - EARNINGS

    Sino Land's core earnings decline 24pc for year

    Posted Aug 28th 2014, 05:03am by Yvonne Liu

    ... by fall in core earnings Sino Land said yesterday its underlying profit slid 24.3 per cent to HK$5.02 billion for the year to June as the lack of completed new projects weighed on its results. ... fell 0.72 per cent to close at HK$13.84 yesterday. "The primary transaction volume has recently recovered, but with rising construction costs and the property-related policies, ...

  9. Property - Hong Kong & China - EARNINGS

    Midland losses narrow as new homes sales rebound

    Posted Aug 27th 2014, 01:27am by Sandy Li

    ... to HK$35.78 million, it reported yesterday. Turnover- mostly commission fees- rose 8.13 per cent to HK$1.86 billion from HK$1.72 billion as developers launched new projects at steep discounts. Last ... to HK$3.93 yesterday. ...

  10. Business - China Business - EARNINGS

    Insurer China Life diversifies with bid for Sinopec retail unit

    Posted Aug 28th 2014, 05:03am by Kwong Man-ki

    ... was at 4.78 per cent. The board of China Life had also approved a proposal to participate in the capital introduction of Sinopec's sales unit, it said in a separate statement yesterday. "No ...




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