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  • August 20, 2014
  • Last updated: 3:09pm
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  1. 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 ...

  2. 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, ...

  3. 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 ...

  4. Business - Banking & Finance - EARNINGS

    Newly listed banks see profits soar

    Posted Aug 20th 2014, 09:44am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Two of the newest mainland banks to enter the Hong Kong market posted high profit growth, as well as high impairment charges, for the first half of the year. Bank of Chongqing, which listed in October, said in a filing to the Hong Kong stock exchange late on Tuesday that net profit in the first six months of the year hit 1.66 billion yuan ...

  5. Business - Commodities - EARNINGS

    Maanshan sees first-half loss more than double to 730.27m yuan

    Posted Aug 20th 2014, 10:08am by Enoch Yiu and Eric Ng

    ... Enoch Yiu and Eric Ng Shares of Maanshan Iron & Steel, the second-biggest Hong Kong-listed steelmaker, fell 2.7 per cent on Wednesday morning after it posted a worse-than-expected ... Ding Yi said in a results statement posted on the stock exchange website on Tuesday night. The business environment of steel companies will still be challenging Ding Yi, Maanshan “During ...

  6. Business - China Business - EARNINGS

    Brilliance profit soars on back of BMW joint venture sales

    Posted Aug 20th 2014, 01:34am by Kwong Man-ki

    ... Kong stock exchange yesterday. The earnings topped an average forecast of 3.47 billion yuan from three analysts polled by the South China Morning Post. The strong growth in profit was fostered ... to 140,012 units, with the BMW 3-series posting a 44 per cent increase in sales to 46,292 units and BMW 5-series' sales up by 13 per cent to 71,702 units. ...

  7. Property - Hong Kong & China - EARNINGS

    Cost focus helps Country Garden and China Resources Land boost margins

    Posted Aug 20th 2014, 01:34am by Langi Chiang

    ... The company posted an 83.7 per cent year-on-year rise in core profit to HK$3.69 billion. Along with the unbooked contracted sales of 67.38 billion yuan before the end of last year, the company had ...

  8. Business - Banking & Finance - EARNINGS

    Bank of China beats expectations with 11pc boost in first-half profit

    Posted Aug 20th 2014, 01:34am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com State-owned bank's 11pc gain in first-half net earnings beats estimates, but jump in non-performing loans reinforces concerns for the sector Debt risk dampens BOC profit rise Bank of China posted first-half profits above expectations for the sector yesterday but faced rapidly increasing bad debt, a trend analysts say will be reflected ...

  9. Business - Companies - EARNINGS

    CRP shares rise after it books HK$2b of impairments on coal mining assets

    Posted Aug 19th 2014, 09:35am by Eric Ng

    ... conglomerate China Resources (Holdings) on Monday posted a 13.8 per cent rise in net profit to HK$6.06 billion for the first six months. An analyst who attended a briefing by the management said ... Morning Post it would consider putting in data about its coal units' book values after impairment in its interim report after consulting with its auditor PricewaterhouseCoopers. ...

  10. Business - Money - EARNINGS

    Jump in bad loans sparks sell-off in Chongqing Rural Commercial Bank shares

    Posted Aug 19th 2014, 01:27am by DON WEINLAND

    ... at Barclays Research. "But the magnitude [at Chongqing Rural] was a bit higher than expected." The bank posted net interest income of 8.85 billion yuan for the first half, up 16.6 per cent ...




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