Aeon Credit Service (Asia) Company Limited (900 HK) said full year profit declined 13 per cent to around HK$260 million. Earnings per share were 61.94 HK cents. A final dividend of 16 HK cents was declared. (Sing Tao Daily B4)
Air China Limited (753 HK) said net profit jumped to 4.854 billion yuan last year, compared with a net loss of 9.25 billion yuan in 2008, mainly helped by lower fuel costs and higher passenger volumes. Profit for the first quarter this year surged 1.77 times to 2.172 billion yuan, or 19 fens per share. (Sing Tao Daily B4)
Asia Energy Logistics (351 HK) expected its results to return to the black this year. The company posted turnover of HK$110 million for the year 2009, up 3.3 per cent. Loss narrowed 90 per cent to HK$3.4 million. No final dividend was declared. (Hong Kong Economic Journal P12)
Ausnutria Dairy (1717 HK) saw profit attributable to shareholders climb 158 per cent to 182 million yuan for the year 2009. Earnings per share were 21.3 fens. A final dividend of 6 fens per share was declared. (Hong Kong Economic Times A13)
China Overseas (688 HK) reported unaudited turnover of HK$6.056 billion and operating income of HK$2.44 billion in the first quarter of the year. Net gearing rose to a relatively high level of 50 per cent. (Hong Kong Economic Journal P8)
China South Locomotive & Rolling Stock Corporation (1766 HK) posted a full-year profit of 1.678 billion yuan in 2009, up over 21 per cent. A final dividend of 4 fens per share was declared. Net profit jumped almost 85 per cent year-on-year to 355.9 million yuan in the first quarter this year, in accordance with PRC accounting standards. (Sing Tao Daily B5)
China Coal Energy (1898 HK) achieved net profit of 7.83 billion yuan for the year 2009, up 9.9 per cent over the same period the previous year. Earnings per share were 0.59 yuan, up 9.3 per cent year-on-year. A final dividend of 0.14984 yuan per share was recommended. In addition, the company recorded a profit of 1.98 billion yuan in the first quarter this year, up 42 per cent compared with the same period a year ago, driven by increasing coal demand. (Hong Kong Economic Journal P12)
China Cosco (1919 HK), the world’s largest operator of dry-bulk ships, posted a net loss of 7.468 billion yuan last year, compared with a net profit of 11.6 billion yuan in 2008, as rates for hauling commodities and containers tumbled. Loss per share amounted to 73.1 fens. No final dividend was declared. (Sing Tao Daily B5)
China Shipping Container Lines (2866 HK), the nation’s No. 2 box- carrier, said it expected to return to profit after more than 80 per cent customers agreed to an $800 per 40-foot box increase in Asia-US west coast routes, according the CEO. He said profit to grow 30 per cent to 26.1 billion yuan. (Sing Tao Daily B5)
Denway Motors (203 HK) announced that the board had appointed BNP Paribas Capital (Asia Pacific) Limited as independent financial adviser to advise on the proposed privatization of the company and the listing of its parent GAC. (Hong Kong Economic Journal P12)
Global Bio-Chem Technology Group (809 HK) turns into the red in 2009, losing as much as HK$14.978 million, compared with a net profit of over 621 million in a year before, as the company’s export business shrank and amino acids product price dropped. Loss per share amounted 6 HK cents. No final dividend was recommended. (Sing Tao Daily B4)
Global Sweeteners (3889 HK) posted net profit of HK$85.68 million for the year 2009, down 44.5 per cent. Earnings per share were 8.2 HK cents. A final dividend of 1 HK cent per share was declared. (Hong Kong Economic Times A13)
Guangshen Railway Co. (525 HK) said 2009 profit rose 11.76% per cent to 1.365 billion yuan. Earnings per share were 0.19 yuan. A final dividend of 7.2 HK cents was declared. (Sing Tao Daily B5)
Lumena Resources Corp. (67 HK), a Chinese thenardite producer, said net profit rose by 24 per cent to 533 million yuan for the year 2009, as demand for thenardite increased and selling price remained on a high level. Capital expenditure this year will be 560 million yuan. In addition, the company said production capability is estimated to rise by 60 million tonnes to 220 million tonnes. (Sing Tao Daily B4)
Ping An Insurance (2318 HK) recorded net asset entrusted and under management in annuity business of 22.457 billion yuan and net asset under investment management in annuity business of 29.533 billion yuan in the first quarter this year, reaching approximately 52 billion yuan in total. (Hong Kong Economic Times A13)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
