Bank of China (3988 HK) said that due to the stable increase in gross profit margin and improvement in commission income, its net profit increased by 27.86 percent to RMB66, 513 million for the first of 2011. No interim dividend was announced. (SingTao Daily B1)
Due to continued growth in core businesses and net recovery from the underlying collateral of the Lehman Brothers Minibonds amounting to HK$2,854 million, BOC Hong Kong (2388 HK) recorded its first-half net profit surged 67 percent year-on-year to HK$11,993 million, a new high since its listing in 2002. The bank announced an interim dividend of HK$0.63 per share. (SingTao Daily B1)
China Dongxiang (Group) (3818 HK) posted an interim profit attributable to equity holders of RMB225 million, diving 71.4%. It declared an interim dividend and interim special dividend of RMB1.19 cents and RMB1.59 cents respectively an ordinary share. (Hong Kong Economic Times A13)
China Technology Solar Power (811 HK) announces that its subsidiary Qinghai Baike Solar Power and LDK Solar Hi-Tech (Suzhou), subsidiary of LDK Solar, have entered into a supply contract for the supply of 8 megawatt polysilicon crystalline silicon solar energy battery components to Qinghai Baike for an aggregate consideration of RMB66,400,000. (Hong Kong Economic Journal 25)
CNOOC Ltd. (883 HK) annouced that for the period ended June 30, 2011, its net profit amounted to RMB39.34 bn, representing an increase of 51.4 percnet over the same period last year. The company announced an interim dividend of HK25 cents per share, up 19 percent year-on-year. (SingTao Daily B2)
CSR Corporation (1766 HK) announces that it has of late entered into contracts for or won the bids of roughly six major projects, with an aggregate value of about RMB7.16 billion. (Hong Kong Economic Journal 25)
Li Ning Company (2331 HK) reported interim profit attributable to equity holders of RMB294 million, slipping 49.5%. Revenue fell 4.8% to RMB4,289 million. The company declared an interim dividend of RMB11 .13 cents an ordinary share. (Hong Kong Economic Times A13)
Lonking Holdings Ltd. (3339 HK) announced that for the six months ended June 30, 2011, its net profit significantly increased by 24.63 percent to RMB1, 154 million, with basic earnings per share were RMB0.27. An interim dividend of HK6 cents per share was announced.
(SingTao Daily B5)
Tai Sang Land Development Ltd. (89 HK) announced that for the first half of 2011, its profit attributable to the owners amounted to HK$461 million, up 122 percent year-on-year. The company declared an interim dividend of HK3 cents per share for the period. (SingTao Daily B5)
Tech Pro Technology Development (3828 HK) announces that its wholly-owned subsidiary has agreed to acquire 60% of the entire issued share capital of Pacific King Technology and the shareholders’ sale loan at a total consideration of HK$138 million. (Hong Kong Economic Journal 25)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
