• Mon
  • Dec 29, 2014
  • Updated: 2:26am

Depreciation

Hong Kong watchmakers do well as yen weakens

Hong Kong exported US$9.5 billion of timepieces last year - and was the biggest importer of clock and watch movements. Photo: K.Y. Cheng

Local watchmakers are set to benefit from the depreciating yen, with Japan a key exporter of movement parts and refined steel components to the city's timepiece companies.

Wednesday, 13 February, 2013, 5:14am

City of Dreams gives Melco Crown a boost

Melco Crown Entertainment booked its first operating profit in two years during the first quarter on record revenue due to contributions from its newly opened flagship, the US$2.1 billion City of Dreams.

29 Apr 2010 - 12:00am

Underlying profit at China arm drops

New World China saw underlying interim profit drop 5.7 per cent to HK$546.1 million because of increased operating losses from its hotel operation. However, net profit rose 151 per cent to HK$940.3 million from HK$374.2 million a year earlier including a property revaluation gain of HK$16.57 million.

18 Mar 2010 - 12:00am

Melco Crown reports US$39.4m net loss

Macau casino operator Melco Crown Entertainment booked a widely expected net loss of US$39.39 million during the first full quarter of operations at its US$2.1 billion City of Dreams mega resort.

18 Nov 2009 - 12:00am

Shanghai Electric net profit dips to 2.5b yuan

Shanghai Electric Group, one of the nation's top three makers of power generation equipment, posted an annual net profit at the low end of the range it forecast in January.

25 Apr 2009 - 12:00am

TravelSky books 11pc drop in interim profit

TravelSky Technology, the mainland's largest air ticketing technology provider, posted an 11.47 per cent decline in net profit for the first half, saying air traffic will be hindered by the nation's economic slowdown.

Twenty-five mainland airlines and 68 foreign carriers use the company's system for distributing air tickets.

30 Aug 2008 - 12:00am

How much am I worth?

This question may have been upsetting you for a while: are you rich or not?

To measure how rich you are, you need to calculate how much money and valuables you own and deduct any debts you might have.

In other words, you have to make a list of your assets and your liabilities and calculate the 'net worth'.

28 Jan 2008 - 12:00am

China Mobile net rises 23pc in quarter

Carrier delivers earnings of 15.8b yuan on sales of 72b yuan as it connects with more users and improved data services

China Mobile, the world's largest mobile-phone operator, said second-quarter net profit rose 23.6 per cent on strong customer growth and improved mobile data business.

18 Aug 2006 - 12:00am

US Commercial Service assisting HK firms fight pollution in China: Liao

Updated at 5.04pm: The United States Commercial Service was helping Hong Kong enterprises reduce pollution in China, Secretary for the Environment, Transport and Works Sarah Liao Sau-tung said on Wednesday.

5 Jul 2006 - 12:00am

Coal costs dim power suppliers' outlook

Investors and analysts will focus on the outcome of this year's coal contract talks and plant utilisation rates as two of the mainland's largest independent power producers are expected to post disappointing annual results this week.

27 Mar 2006 - 12:00am

China Eastern sale and lease plan aims to lift cash bank

China Eastern Airlines is selling 24 spare aircraft engines for $700 million, but plans to lease some of them back at $5.06 million per month, filling its coffers with cash while eliminating direct depreciation expenses.

6 May 2004 - 12:00am

Sars-affected MTRC's interim profit falls 93pc

First-half earnings were just $113m, but a big pickup in the latter half is forecast

The MTRC stunned analysts yesterday with dismal first-half results far worse than their direst predictions - but they, and the company, are still predicting full-year profits higher than last year.

1 Aug 2003 - 12:00am

Sunday aims to make profit this year

Sunday Communications said yesterday that it was looking forward to becoming profitable this year after cutting its loss last year by 44.62 per cent.

Hong Kong's smallest mobile operator still reported a bigger than expected net loss of HK$117.26 million for last year, due to one-off restructuring costs of HK$26.6 million.

26 Mar 2003 - 12:00am

A fair price for power a question that's here to stay

SO JUST HOW do our electricity tariffs compare with those in other countries and what exactly would be a fair price to pay for power?

26 Feb 2003 - 12:00am

China Eastern profit soars 208pc

China Eastern Airlines has reported a 208.61 per cent rise in net profit to 541.71 million yuan (about HK$507.57 million) for last year, due to a 306.42 million yuan tax credit and a 95.97 million yuan retirement benefit obligation write-back.

9 Apr 2002 - 12:00am

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