• Wed
  • Aug 20, 2014
  • Updated: 2:58pm


Johnson Electric sales down as demand weakens

Johnson Electric posted a 4 per cent fall in total sales, which the electronic component manufacturer blamed on weaker demand and currency movements. The company's sales declined to US$2.06 billion year on year for the 12 months up to March 31, while net profit rose 2.5 per cent to a record US$191 million.

Friday, 17 May, 2013, 4:06am

China car sales jump 16pc in first four months

The decline in sales of domestic brands was marked. Mainland companies sold 570,120 cars in April, a market share of 39.62 per cent. Cui Dongshu, an analyst at the China Passenger Car Association (CPCA), said on his blog that while the market for medium-priced and luxury cars would grow this year, the outlook for imported high-end vehicles and cheap sedans was dim.

10 May 2013 - 5:33am

Prada bullish despite consumer slowdown fears

Prada remains confident about its prospects this year, despite fears of poor consumer demand in Asia because of the weakening yen and Beijing's clampdown on lavish gift-giving.

6 Apr 2013 - 4:46am

Giordano sales pushed down by weak China demand

Casual clothing chain Giordano International posted a 1 per cent increase in annual revenue to HK$5.67 billion last year despite sales on the mainland and Taiwan declining amid weaker demand.

1 Mar 2013 - 5:53am

Baijiu sales hit by China's crackdown on extravagance

Baijiu, particularly the more expensive brands, was not in great demand this festive season as a result of the central government's crackdown on extravagance ahead of the Lunar New Year, said Liu Yuan, the secretary-general of the China National Association for Liquor and Spirits Circulation. As a result, liquor retailers were heavily discounting their stock.

13 Feb 2013 - 5:33am

McDonald’s sales fall again amid weakness in Asia

McDonald’s says a key sales figure dropped again in January as the world’s biggest hamburger chain struggled with ongoing weakness in Japan and supply chain issues in China.

9 Feb 2013 - 7:48pm

Jewellers lose out in Beijing's anti-graft drive

Shares of high-end jewellery and watch retailers slumped yesterday amid concerns that the anti-corruption push on the mainland would take its toll on sales of luxury goods. Emperor Watch & Jewellery, which fell the most in more than a year, ended down 7.14 per cent at 91 HK cents. Chow Sang Sang dropped 7.2 per cent to HK$20.60, while Luk Fook slid 5.6 per cent to HK$25.45.

8 Feb 2013 - 3:53am

Shanghai developers cut sweeteners as sales rise

Shanghai developers are cutting incentives and discounts after a strong rebound in sales in the primary and secondary market.

16 Jan 2013 - 6:06am

Singyes Solar targets 33pc surge in sales

Buildings curtain walls and solar power projects engineering firm China Singyes Solar Technologies aims to grow sales by a third this year, after Beijing stepped up policies to develop the nascent domestic market to counter slowing overseas sales.

10 Jan 2013 - 4:21am

Briefs, November 25, 2012

The row between ATV and Citi Telecom (CTI) has intensified, after ATV executive director James Shing Pan-yu accused CTI head Ricky Wong Wai-kay of obtaining confidential information from ATV.

25 Nov 2012 - 3:35am