High prices, healthy margins for producers in Q1
PetroChina<601857><0857><PTR>, the country's largest oil producer, announced yesterday that its net profit fell 35.3% from a year earlier to RMB 18.96 billion in the first quarter (Q1) of this year, and earnings per share stood at RMB 0.1.According to the company's quarterly report, its sales reached RMB 181.58...
China Mass Media International Advertising Corp<CMM>, an independent advertising company in China, has announced that its unaudited net profit hit RMB 59.6 million in the first quarter of this year, a sharp quarter-on-quarter growth of 249.2% or a year-on-year decline of 8.8%, sources reported....
Hong Kong's Gross Domestic Production (GDP) declined 7.8%, the sharpest decline since the third quarter of 1998, according to statistics released by the Census and Statistics Department of Hong Kong Special Administrative Region (SAR).After the seasonal adjustment, the GDP in the first quarter dropped...
China Eastern Airlines Ltd<600115><0670><CEA>, the country's third-largest carrier, said on Tuesday that its first-quarter fuel hedging losses hit RMB 916 million, as compared to RMB 130 million losses in the fourth quarter of 2008.However, the Shanghai-based firm did not specify the amount of losses from...
China's State Administration for Industry and Commerce said Tuesday that the number of new foreign-invested firms plunged about 41% from a year earlier to 11,000 in the first three months of this year.In the same period, investment from the new foreign-invested companies tumbled about 46% year on year to...
VisionChina Media Inc<VISN>, one of China's largest out-of-home digital TV advertising networks, on Wednesday said its first-quarter net profit jumped 23.7% year on year to US$6.7 million from US$5.4 million a year earlier.In the quarter ended Mar. 31, 2009, total revenues surged 100% year on year to US$27.3 million....
Aluminum Corp of China Ltd (Chalco)<601600><2600><ACH>, the nation's largest aluminum producer and the world's third largest alumina producer, today announced that its net loss in the first quarter of 2009, though less than its loss in the previous quarter, reached RMB 1.89 billion.Loss per share was RMB...
Suning Appliance Co Ltd<002024>, one of the largest privately-owned electrical appliance retailers in China, on Wednesday said its first-quarter net profit attributable to its parent company rose 10.21% year on year to RMB 474.96 million from RMB 430.97 million in 2008. In the period from January to March,...
China Merchants Bank (CMB)<600036><3968>, the country's sixth-largest commercial bank by assets, posted net profit of RMB 4.21 billion for the first quarter of this year, down 33.41% year on year, according to the quarterly financial report it released on Wednesday.The bank's interest income dived 22.5% from a...
