Mohshin Aziz, aviation analyst at Maybank, discusses China Southern's first-half positive earnings report and his top pick within the sector.
SHANGHAI, Aug 31- Combined first-half profit of China's listed companies grew 8.66 percent from a year earlier, the official Shanghai Securities News reported on Monday. Profit growth fell from 10 percent in the first half of 2014, reflecting China's slowing economy. China's 2,800 listed companies reported a combined profit of 1.42 trillion yuan during the...
BEIJING, Aug 30- Major Chinese construction machinery maker Zoomlion Heavy Industry Science and Technology Co Ltd swung to a net loss in the first half amid a sustained downturn of the domestic market. In January-June, Zoomlion booked a 309.8 million yuan net loss, in line with its own forecast of 300- 380 million yuan, according to a stock exchange filing on Sunday.
BEIJING, Aug 30- Major Chinese construction machinery maker Sany Heavy Industry Co Ltd on Sunday reported a 75.6 percent fall in its first half earnings amid a sustained downturn of the domestic market. Encouraged to expand after Beijing fired up a $644 billion stimulus package in 2008, Chinese heavy equipment makers are stuck with a glut of unsold equipment,...
CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories.
TORONTO, Aug 28- Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll. Shares of Scotiabank, Canada's third-largest bank, were down nearly 1 percent in mid-afternoon trading. "It seems to me that it's going to be a tough year ahead for Bank of Nova...
SANTIAGO, Chile— Chile's state-run copper giant Codelco says its profit plunged more than 30 percent in the first half of 2015 from the previous year because of tumbling prices for the metal. The world's largest copper company said Friday it earned $875 million in the first semester compared to $1.3 billion in the same period a year ago. The company has been hard...
*Bashneft, Gazprom Neft grow Q2 profits in rouble terms. *Lukoil's dollar profits down, will switch reporting to roubles. On Friday, Bashneft, a medium-sized Russian oil producer, posted a 13 percent increase in second quarter net profit to 17.9 billion roubles, following strong results by Gazprom Neft earlier this month.
Yannick Bollore, CEO of French advertising agency, Havas, has said the group is seeing strong demand in China.
TORONTO _ Bank of Nova Scotia on Friday reported fiscal third-quarter net income of $1.44 billion. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share. Bank of Nova Scotia shares have declined 21 percent since the beginning of the year.
Some of the names on the move ahead of the open.
VIRGINIA BEACH, Va. _ Liberty Tax Inc. on Friday reported a loss of $8.5 million in its fiscal first quarter. Liberty Tax shares have declined 32 percent since the beginning of the year. Keywords: Liberty Tax, Earnings Report.
EDINA, Minn.— Shares of Regis Corp. dropped 10 percent in morning trading on Friday after the hair salon owner reported a continued decline in quarterly revenue. The owner of hair salon chains Supercuts and MasterCuts said it had a loss of $2.6 million, or 5 cents per share. The Edina, Minnesota- based company revenue fell 4 percent to $462.9 million in the period.
COLUMBUS, Ohio— Big Lots' fiscal second-quarter results beat analysts' estimates and the discount retailer boosted its full-year earnings outlook. Big Lots earned $17.6 million, or 34 cents per share, for the period ended Aug. 1. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
NAIROBI, Aug 27- Oil marketer Total Kenya said its first-half pretax profit dropped by 14 percent due to inflation and volatility in international oil prices. The group, part of French oil major Total, posted an 891.7 million shilling pretax profit in the six months to June 30, against 1 billion shillings in the same period in 2014.. The company's turnover fell to 64...
After reporting a 14.5 percent rise in half-year revenue, Joe Perkins, CFO of Hong Kong-listed Nexteer Automotive, explains why the firm's future is looking even brighter ahead.
Aug 27- GameStop Corp, the world's largest retailer of video games and related products, reported higher-than-expected quarterly revenue and profit, helped by new releases such as "Batman: Arkham Knight" and "The Witcher 3: Wild Hunt". GameStop is set to benefit from a strong slate of video game releases in the second half of the year, mainly in the fourth quarter, such...
SANTA ANA, Calif. _ Collectors Universe Inc. on Thursday reported fiscal fourth-quarter net income of $1.8 million. The Santa Ana, California- based company said it had profit of 21 cents per share. Collectors Universe shares have fallen 11 percent since the beginning of the year.
ATLANTA _ American Software Inc. on Thursday reported fiscal first-quarter earnings of $2.6 million. American Software shares have dropped almost 8 percent since the beginning of the year. Keywords: American Software, Earnings Report.
PLEASANTON, Calif. _ Veeva Systems Inc. on Thursday reported fiscal second-quarter profit of $13.4 million. For the current quarter ending in November, Veeva expects its per-share earnings to range from 11 cents to 12 cents. Veeva expects full-year earnings in the range of 47 cents to 48 cents per share, with revenue ranging from $395 million to $398 million.