China Southern tips profit growth
Guangdong-based China Southern Airlines yesterday forecast first-half profit to soar more than 50 times to 1.9 billion yuan (HK$2.17 billion) due to robust mainland air traffic growth, a one-off gain from the disposal of a maintenance unit and coming off a low base last year. The airline's shares rose 2.5 per cent to HK$3.64 yesterday. Charlotte So
HK Electric earnings rise 3.2pc
Hongkong Electric Holdings' interim profit rose 3.2 per cent to HK$2.75 billion. Its non-Hong Kong business accounted for 35.8 per cent of overall group profit or HK$978 million, up from HK$883 million. The group declared an interim dividend of 62 HK cents. Isabella Steger
GCL-Poly to plough in US$300m
GCL-Poly Energy Holdings, the mainland's largest producer of the solar power panel raw material polysilicon, will invest an additional US$300 million to expand its solar wafer output capacity by 1 gigawatt (GW), to 3GW by the end of the year. Eric Ng
