China Resources Enterprise (CRE), a retail-focused mainland conglomerate, said net profit sank 51.6 per cent to HK$1.91 billion last year, but the management expects a promising future due to its new joint venture with British supermarket giant Tesco.Friday, 21 March, 2014, 12:43am
Kerry Properties said underlying profit fell 6 per cent to HK$4.41 billion in 2013 while maintaining it wants to achieve 12 per cent growth in its contracted sales in Hong Kong and on the mainland this year.18 Mar 2014 - 1:14am
Swire Properties will spend HK$10 billion over the next few years to turn three industrial buildings in Quarry Bay's Taikoo Place into two grade A office towers, making it one of the company's biggest investments in a project in a decade.7 May 2015 - 4:04pm
Cathay Pacific Airways tripled its net profit last year to HK$2.62 billion largely on the back of savings in fuel costs and a slight improvement in passenger yields as Hong Kong's flagship carrier plans to expand cargo and passenger traffic in 2014.13 Mar 2014 - 1:00am 2 comments
Wing Hang Bank, the second-largest family-controlled lender in the city, made record profits last year because of higher net interest income and capital gains from the disposal of properties and financial assets.
Net profit for Wing Hang, which is negotiating with Singapore's Oversea-Chinese Banking Corp on the terms of a possible sale, jumped 21.3 per cent to HK$2.19 billion.7 Mar 2014 - 12:52am
Esprit expects sales to continue to decline over the next financial year and a turnaround for the struggling fashion retailer is not likely until next year.
Chief executive Jose Manuel Martinez Gutierrez told investors yesterday that store closures would lead to a further slide in sales revenue in the next financial year to June.15 May 2013 - 4:01am
Japanese electronics giant Sharp yesterday posted a record annual loss for the second year in a row, and said it would replace its chief after just one year on the job.
The maker of Aquos-brand electronics reported a net loss of 545.3 billion yen (HK$41.6 billion) in the year to March, its worst shortfall, after losing 376 billion yen in the previous year.15 May 2013 - 2:25am
The group said it expected to record a substantial loss in the second half of the year to June and hence an overall substantial loss for the full year. Esprit lost HK$465 million in the six months to December.8 May 2013 - 5:33am
The group, controlled by Jimmy Lai Chee-ying, reported losses of HK$188.63 million in the fiscal year to the end of March 2012, and a deficit of HK$19.73 million in 2011. Based on its results for continuing operations, this loss was HK$973 million for the 2012 fiscal year, against a profit of HK$9.6 million in 2011.7 May 2013 - 3:56am
HSBC may post first-quarter pre-tax profit of US$8 billion, 80 per cent higher than in the previous quarter, according to an average estimate of five analysts.7 May 2013 - 3:56am
ZTE, the world's fifth-largest telecommunications equipment supplier, may be hard-pressed to boost sales and profit this year, despite growing global demand for smartphones and the expansion of 4G networks on the mainland.30 Apr 2013 - 5:27am
Net profit rose 10 per cent year on year in the first quarter at China Telecom, the world's biggest fixed-line network operator, to 4.7 billion yuan (HK$5.9 billion).
Mainland airlines faced turbulence in the first quarter, with China Eastern Airlines yesterday going from a profit to a loss and China Southern Airlines stocks taking a hammering after the company barely managed to stay in the black.27 Apr 2013 - 5:07am
In the January-March period, net earnings rose to 39.8 billion yuan (HK$49.5 billion) from 36.8 billion yuan a year ago, thanks to improved lending profitability and robust growth in fee and commission businesses. Hong Kong-listed mainland banks reporting interim results this week are expected to post earnings growth of 7 to 11 per cent, a significant deceleration from the average 24 per cent seen a year ago.26 Apr 2013 - 4:14am
The first mainland lender to release interim results in Hong Kong, the Chongqing bank yesterday said net earnings totalled 1.6 billion yuan (HK$2 billion) in the January-March period, compared with 1.4 billion yuan a year ago.23 Apr 2013 - 5:07am