• Fri
  • Oct 24, 2014
  • Updated: 2:43am

Net Profit

Net trades keep DHL profit in express lane

Joyce Chan, a seasoned online shopper in Hong Kong, spends up to six hours and between HK$8,000 and HK$18,000 each month shopping for handbags and apparel from Europe and the United States.

Saturday, 18 May, 2013, 3:41am

Profits rise at mainland China banks but headwinds hit growth

The mainland's three largest banks yesterday posted first-quarter growth in net profit ranging from just over 8 per cent to almost 16 per cent year on year. Those increases were smaller than last year's as the lenders felt the effects of the country's economic slowdown.

27 Apr 2013 - 5:45am

China Life sees first-quarter net profits leap by 80pc

China Life, the largest life insurer on the mainland, said net profit grew nearly 80 per cent, to 10 billion yuan (HK$12.45 billion), in the first quarter compared with the same period last year.

26 Apr 2013 - 4:13am

Bocom profit slows as loan losses leap by a third

Bank of Communications (Bocom), the mainland's fifth-largest lender by assets, said net profit climbed 11.5 per cent in the first quarter but impairment losses on loans and advances surged by more than a third year on year.

26 Apr 2013 - 4:38am

HKEx expected to see earnings fall up to 20pc

Hong Kong Exchanges and Clearing, which operates the local stock and futures markets, is expected to report a decline of up to 20 per cent in net profit last year as a result of lower market turnover and fewer initial public offerings (IPOs).

Analysts estimated profit could drop 12 to 20 per cent to between HK$4 billion and HK$4.5 billion in the year to December.

25 Feb 2013 - 2:19am

Li & Fung expects 2012 core operating profit to drop 40pc

Li & Fung says net profit for last year will not exceed that of the previous year and core operating profit will in fact drop 40 per cent, worse than analysts' estimates.

"This is worse than I expected. Obviously it's a negative for the company," said Nomura analyst Tanuj Shori.

12 Jan 2013 - 4:02am

Courage Marine undeterred by profit slump

Courage Marine, the dry bulk shipping company planning an initial public offering in Hong Kong, plunged into the red with a US$3.7 million net loss in the first quarter of this year, compared with a US$3 million net profit last year. Turnover dropped 54.8 per cent to US$5.8 million between January and March, down from US$12.9 million.

14 May 2011 - 12:00am

HSBC net profit climbs 57.8pc in quarter

HSBC Holdings' earnings jumped 57.8 per cent in the first quarter, but chief executive Stuart Gulliver said it could take three years for the bank to reach its key cost reduction target.

10 May 2011 - 12:00am

Bureaucrats show they still monopolise market for useless studies

'There was a young man from Rexall

Who had a hexagonal ball

And the cube of its weight

Plus the square root of eight

Was four fifths of nine tenths of ...

Anon.

'Companies monopolising a market do not necessarily make huge profits, business data compiled by the Census and Statistics Department shows.

20 Jun 2006 - 12:00am

WHAT THE BROKER SAID

About a year Core Pacific-Yamaichi said that business was improving for QPL International, which supplies lead frames to the semiconductor industry, thanks to a rebound in chip orders.

The broker said QPL continued to control costs and aimed to reduce operating and staff expenses from $313 million in 2003 - the year to April 30 - to $200 million in 2004.

6 Feb 2005 - 12:00am

WHAT THE BROKER SAYS

Core-Pacific Yamaichi has recommended home appliance maker Raymond Industrial as a 'buy'' and set a target price with an upside of 48 per cent.

Raymond has just reported a first-half net profit surge of 52.4 per cent year on year to HK$35.3 million. Turnover increased by 55.5 per cent to $453 million.

19 Sep 2004 - 12:00am

Airfreight costs hurt Johnson Electric profit

Unexpected charges cause the firm to report a lower than expected result

Unforeseen airfreight expenses of US$7 million saw Johnson Electric Holdings, the world's second-largest micromotor maker, report a worse than expected 35.35 per cent rise in net profit to US$150.01 million for the year to March.

6 Jun 2003 - 12:00am

Analysts see US$11.7m VTech profit

Consumer electronic goods maker VTech is expected on Wednesday to post a net profit of US$11.7 million for the year to March 31, according to analysts.

24 Jun 2002 - 12:00am

GZI revises earnings

GZI Transport, the transportation arm of Guangzhou Investment, saw last year's net profit rise 75.8 per cent to HK$220.3 million, due to changes in accounting treatment on provisions. The toll-road operator restated the previous year's net profit to HK$125.27 million, down from a previously reported HK$282.5 million.

17 Apr 2002 - 12:00am

What the broker says ...

Hang Lung Properties, one of the developers with an interest in the West Kowloon reclamation area, recently posted a 23.7 per cent drop in its interim net profit from HK$830 million to HK$634 million for the first half of financial 2002.

At the same time both the operating margin (down 3.1 per cent) and the net profit margin (down 1.4 per cent) fell.

14 Apr 2002 - 12:00am

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