Generally Accepted Accounting Principles | South China Morning Post
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  • Apr 18, 2015
  • Updated: 3:42pm

Generally Accepted Accounting Principles

Hunan Nonferrous warns of net loss

Hunan Nonferrous Metals, the mainland's largest producer of non-ferrous metals excluding aluminium, warned it would post a net loss for the first half as a result of lower product prices and high production and financial costs.

Wednesday, 11 July, 2012, 12:00am

Sales flat despite big discounts

Labour Day felt more like Christmas Day as mainland developers slashed prices to lure homebuyers during the three-day holiday break, which ended yesterday. However, sales did not jump significantly, according to property agents.

2 May 2012 - 12:00am

Updates reflect change in commercial climate

Keeping pace with the latest developments in the commercial arena, the Hong Kong Management Game will incorporate many updated features to make the game more realistic and reflective of the current business environment.

14 Apr 2012 - 12:00am

Want Want reports tasty 17pc increase in profits

Want Want China Holdings, one of the mainland's largest snack and beverage makers, rose up to 5 per cent yesterday after reporting a better-than-expected 17 per cent jump in net profit last year.

7 Mar 2012 - 12:00am

Yue Yuen stock falls as costs hit earnings

Footwear maker Yue Yuen Industrial has posted a 6.2 per cent fall in full-year net earnings despite a significant rise in revenue, as costs buffeted margins.

Shares of Yue Yuen, which makes shoes for Nike and adidas, closed down 1.8 per cent at HK$24.55 yesterday after posting the worse-than-expected results for the fiscal year ending in September.

31 Dec 2011 - 12:00am

HKT Trust's global I.P.O. launch today

The global initial public offering of HKT Trust, the telecommunications business being spun off by PCCW, starts today, with expectations of strong demand despite the volatile market.

16 Nov 2011 - 12:00am

Angang's accounting raises eyebrows

Angang Steel, the listed unit of state-owned Anshan Iron & Steel Group, has raised the estimated useful life of its assets, in a move analysts say will artificially boost the company's bottom-line figures amid falling steel prices and high costs.

28 Sep 2011 - 12:00am

View of Disneyland profits minus flimflam still a picture of loss

Record revenues of HK$3 billion helped Disneyland report positive earnings before deducting interest, taxes, depreciation and amortisation (ebitda) for the first time: it reversed from a loss of HK$70 million last year to earnings of HK$221 million. SCMP, January 19

20 Jan 2011 - 12:00am

Theme is upbeat as Disneyland eyes a good year

Five years after opening, Hong Kong Disneyland is expected to record one of its best years, with higher attendance and greater profitability.

Buoyed by an upsurge in mainland and overseas visitors and their increased spending, the theme park has probably welcomed far more visitors than the 4.57 million reported a year ago, park insiders said.

6 Sep 2010 - 12:00am

Macau boom and strong Singapore debut cut Las Vegas Sands losses

Booming gambling volumes in Macau and a successful debut in Singapore helped casino developer Las Vegas Sands narrow losses and boost sales to a record level in the second quarter.

29 Jul 2010 - 12:00am

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

Heated Debate

The International Accounting Standards Board discussion paper on how best to measure the fair value of liabilities lays out the three most oft-cited arguments in favour of including credit risk.

24 Sep 2009 - 12:00am

Adelson to bet on HK listing to boost balance sheet

It was a contender for worst kept secret in Macau - and competition for that title is abidingly fierce - but Las Vegas Sands Corp chairman and majority owner Sheldon Adelson made it official this week when he said his company was mulling a listing on the Hong Kong stock exchange for its casinos in the former Portuguese enclave.

10 Jul 2009 - 12:00am