Company Earnings Announcement

In Brief

Hisense profit jumps 204pc on strong domestic demand, exports

Thursday, 31 March, 2011, 12:00am

Li gets numbers right as 3G finally brings home a profit

A relieved Li Ka-shing announced his company Hutchison Whampoa was increasing its dividend payout for the first time in a decade after its 3G mobile-phone unit made its first profit since its launch nine years ago.

Li said the group 'has entered a new era when the 3 Group will no longer be a drag on profits and instead make a positive contribution'.

30 Mar 2011 - 12:00am

China Southern banks on fleet expansion

China Southern Airlines is betting yuan appreciation and an expansion in fleet capacity will sustain last year's rosy results, but escalating oil prices threaten to erode profits.

30 Mar 2011 - 12:00am

Strong result for Cheung Kong

Cheung Kong (Holdings) yesterday reported full-year earnings of HK$26.48 billion, a 35 per cent increase on 2009, beating the market's expectations.

Excluding property revaluation gains and profit contribution from associate Hutchison Whampoa, Cheung Kong's net earnings were up 26 per cent to HK$11.44 billion.

30 Mar 2011 - 12:00am

R&F Properties sets sights on major financing boost after surge in profit

Guangzhou R&F Properties, the largest developer in Guangdong province, plans to tap capital markets next month to fund future developments after reporting a 40 per cent jump in underlying profit last year.

'We are looking at innovative ways to enhance our channels for financing. Various investment banks have approached us,' said chairman Li Sze-lim (pictured).

25 Mar 2011 - 12:00am

Stories fuel sharp rise in oil prices, says CNOOC boss

The sharp rise in oil prices was fanned by 'stories' created by investment funds rather than real demand and supply imbalances, according to the head of dominant offshore oil and gas producer CNOOC.

At its annual results press conference yesterday, chairman Fu Chengyu said the political upheavals in the Middle East only played a small part in pushing up oil prices.

24 Mar 2011 - 12:00am

China Oilfield Services shrugs off Libya setback

China Oilfield Services Ltd (COSL) will not put the brakes on its overseas growth despite having to suspend its Libyan operations and bring home workers from the war-torn nation.

24 Mar 2011 - 12:00am

Revaluation loss hits Chinese Estates Holdings

Chinese Estates Holdings booked a big property revaluation loss last year, leading to a net loss of HK$8.86 billion during the period.

24 Mar 2011 - 12:00am

Geely's new SUVs to boost profit

Geely Automobile Holdings, whose parent company last year acquired Volvo Car, plans to launch two new SUVs on the mainland this year - part of a broader plan to strengthen its brand in the world's biggest vehicle market.

The Zhejiang-based carmaker said it planned to break from a traditional reliance on lower-cost models to boost average revenue and profit per car sold.

24 Mar 2011 - 12:00am

PCCW trust in 'early stages' as net earnings jump 28pc

PCCW management wants to unlock more value from the company through the proposed spin-off of its telecommunications operations and its separate listing as a business trust.

23 Mar 2011 - 12:00am

Shimao set to cash in on its tourism assets

Shimao Property Holdings is considering spinning off its tourism-related property arm, including hotels, theme parks and golf courses, after announcing a 41 per cent rise in underlying full-year profit last year.

'We are doing preparation work now, but [there's] no timeframe for the listing at the moment,' said vice-chairman and executive director Jason Hui Sai-tan.

23 Mar 2011 - 12:00am

Henan Chuying to grow organic pork business

Mainland poultry and livestock firm Henan Chuying Agro-Pastoral plans to spend four billion yuan (HK$4.74 billion) to set up a 400,000-hectare organic pig farm in Henan province.

Expected to be completed in five years, the facility will include a pig-feed processing plant as well as pig farms and a pig processing plant. Approval has already been given for the development.

21 Mar 2011 - 12:00am

Solar panel firm posts HK$4b profit

18 Mar 2011 - 12:00am

Economic recovery a good news story for SCMP profitability

Publisher SCMP Group said the economic recovery helped lift its underlying profit to HK$128.4 million last year from HK$25.6 million in 2009.

The owner of the English-language newspapers South China Morning Post and Sunday Morning Post was evaluating diversification into related business areas to carve out extra sources of revenues and growth prospects, it said yesterday.

18 Mar 2011 - 12:00am

ZTE eyes new markets after profit boost

18 Mar 2011 - 12:00am