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  • September 2, 2014
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  1. Business - China Business - EARNINGS

    China Railway posts 5.3b yuan loss

    Posted Sep 01st 2014, 12:11pm by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com China Railway Corp posted a loss of 5.3 billion yuan (HK$6.7 billion) for the first half of this year while its debt increased to 3.4 trillion yuan. The national rail operator, which was previously part of the defunct Ministry of Railways, said on Monday that its revenue fell 2.4 per cent year on year to 478.5 billion yuan. Freight revenue declined ...

    http://www.scmp.com/business/china-business/article/1582844/china-railway-posts-53b-yuan-loss
  2. Business - Banking & Finance - EARNINGS

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

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

    ... Don Weinland don.weinland@scmp.com Net profit reaches 130.7 billion yuan to meet market target while bad loans expand 12pc Construction Bank posts slower 9pc gain in first half China ... But the years of ultrahigh growth have drawn to a close for some banks. Industrial and Commercial Bank of China, the largest lender in the world by assets, posted a 7 per cent rise on Thursday, down ...

    http://www.scmp.com/business/banking-finance/article/1581924/china-construction-bank-posts-slower-9pc-gain-first-half
  3. Business - China Business - EARNINGS

    China Eastern profit plunges 98pc as China Southern posts 1b yuan loss

    Posted Aug 30th 2014, 01:29am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Chinese airlines hit by exchange losses China Southern Airlines, the country's largest carrier by fleet size and passenger volume, posted a first-half loss of 1.02 billion yuan (HK$1.28 billion), as mainland airlines were hit hard by exchange losses caused by unprecedented depreciation of the yuan this year. Interim profit at rival China ...

    http://www.scmp.com/business/china-business/article/1581876/china-eastern-profit-plunges-98pc-china-southern-posts-1b
  4. Business - Commodities - EARNINGS

    Oil and gas producer PetroChina posts 4pc first-half profit rise

    Posted Aug 29th 2014, 01:14am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Firm also clears troubled northeastern projects to set their own production plans and budgets PetroChina posts 4pc net profit rise PetroChina, the nation's ... Separately, dominant offshore oil and gas producer CNOOC posted a 2.3 per cent year-on-year fall in first-half net profit to 33.6 million yuan, beating analysts' average estimate of 29.6 billion ...

    http://www.scmp.com/business/commodities/article/1581588/oil-and-gas-producer-petrochina-posts-4pc-first-half-profit
  5. 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

    ... Agence France-Presse in Sydney Restructuring and redundancy costs leave Australian carrier in the red Qantas chief bullish despite stunning loss Struggling Australian flag carrier Qantas Airways posted a huge annual net loss of A$2.84 billion (HK$20.5 billion), surprising analysts, but chief executive Alan Joyce insisted clearer skies lie ahead. While Qantas eked out a wafer-thin ...

    http://www.scmp.com/business/companies/article/1581580/qantas-posts-net-loss-a28b-it-writes-down-its-ageing-fleet
  6. Business - Companies - EARNINGS

    Cosco Pacific and CIMC post slump in profits

    Posted Aug 26th 2014, 01:10pm by JING YANG

    ... Jing Yang jing.yang@scmp.com Container transport players report disappointing first-half results despite improving trade volumes and warn of more headwinds Cosco Pacific and CIMC post slump in profits Players in the container transport sector were buffeted by disappointing numbers despite an upturn in trade volumes during the first half, the latest corporate earnings showed. ...

    http://www.scmp.com/business/companies/article/1580764/cosco-pacific-profit-21pc
  7. Business - Commodities - EARNINGS

    Towngas posts 2.96pc rise in net profit

    Posted Aug 26th 2014, 10:12am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shares of Hong Kong and China Gas (Towngas), Hong Kong’s only piped gas supplier, rose 0.44 per cent to HK$18.28 in early trading on Tuesday after it reported a 2.96 per cent year-on-year rise in net profit to HK$3.73 billion fo ...

    http://www.scmp.com/business/commodities/article/1580740/towngas-posts-296pc-rise-net-profit
  8. Business - Commodities - EARNINGS

    Sunshine Oilsands posts C$13m interim loss

    Posted Aug 13th 2014, 11:07am by Jasper Moiseiwitsch

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Sunshine Oilsands reported on Wednesday an interim net loss of C$13.1 million (HK$92 million), a 20 per cent improvement on last year’s first half. The Hong Kong- and Toronto-listed energy firm, based in th ...

    http://www.scmp.com/business/commodities/article/1572699/sunshine-oilsands-posts-c13m-interim-loss
  9. Business - Companies - EARNINGS

    Hysan Development posts 4.7pc gain in underlying interim profit

    Posted Aug 08th 2014, 02:57pm by Sandy Li

    ... properties, fell 10.9 per cent to HK$2.88 billion. The revaluation gain was 17.44 per cent less than the HK$2.35 billion posted in the year-earlier period. Total rental income for the period, ...

    http://www.scmp.com/business/companies/article/1569164/hysan-development-posts-47pc-gain-underlying-interim-profit
  10. Business - Companies - EARNINGS

    PCCW eyes new investments as core businesses post steady gains

    Posted Aug 07th 2014, 05:46am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Core businesses post steady gains, with strong contribution from HKT following CSL takeover PCCW eyes new investments after 24pc income rise PCCW, the flagship conglomerate of billionaire Richard Li Tzar-kai, is looking to push forward new investments in information-technology services and networks after it posted solid earnings for the six ...

    http://www.scmp.com/business/companies/article/1567881/pccw-eyes-new-investments-core-businesses-post-steady-gains

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