Focusing on Point-of-sale Reform ; Omni-channel Distribution of Products Starts Results Highlights (RMB million) For the fifteen months ended 31 March 2019 2018 Change Revenue 2,144 1,858 +15.4% Gross profit (before reversal of / provision for impairment losses of inventories) 1,262 1,116 +13.1 % Gross profit margin (before reversal of / provision for impairment losses of inventories) 58.9% 60.1% -1.2 pts Operating profit 1,040 1,453 -28.4% Profit attributable to equity holders of the Company 866 1,189 - 27.2% Basic and diluted earnings per share (RMB cents) 14.91 21.36 -30.2% Final dividend and special final dividend per share (RMB cents) 2.45 N/A N/A HONG KONG, CHINA - Media OutReach - 19 June 2019 - The leading international sportswear brand enterprise in the PRC, China Dongxiang (Group) Co., Ltd. ("China … [Read more...] about China Dongxiang Announces Annual Results 2018/2019
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An HDBank transaction office in HCM City. The lender achieved impressive growth last year, its audited results show. — Photo courtesy of HDBank The HCM City Development Joint Stock Commercial Bank, or HDBank, has announced its audited financial report for 2018 with impressive numbers. The bank achieved VND4.005 trillion (US$172.6 million) in pre-tax profit, an increase of 65.7 per cent over 2017 and its highest ever so far and exceeding the profit target. The impressive growth was thanks to a sharp increase in non-interest income, with net profit from fees increasing 2.2 times to VND438 billion ($18.87 million). Net earnings from foreign exchange trading also more than doubled to VND298 billion. Net interest earnings were worth VND7.646 trillion ($328.8 million), a year-on-year increase of 20 per cent. Total operating income was VND9.44 trillion, up 25.8 per cent. As of December 31 HDBank's outstanding loans were VND129.624 trillion, a year-on-year increase of 17.83 per cent. … [Read more...] about HDBank announces 2018 results, profits up 66 per cent
Ballots are counted at a polling station in Narathiwat province of Thailand (Photo: AFP/VNA) Bangkok (VNA) – Thailand’s Election Commission on March 25 delayed without explanation the announcement of preliminary results of the general election – the first of its kind in the country since a military coup five years ago. The decision was made as a blizzard of complaints mounted over apparent mistakes in the count and possible irregularities at the polls. According to the EC, its computers were hacked and the election saw a massive 1.9 million votes invalidated. The commission said as of 2pm on March 25, 95 percent of votes were counted. It will release the preliminary results on March 29 and the official results by May 9. The general election in Thailand took place on March 24 with over 50 million people eligible to cast votes. A total of 81 parties contested the election, and thousands of candidates vied for 350 constituencies. The other 150 members of … [Read more...] about Thailand’s EC delays announcing election results
Vietnam’s e-commerce websites are still receiving heavy investment to develop despite big losses, but when will these projects stop losing? The Vietnamese e-commerce market is one of the leading markets in the region for investment. According to Nielsen, the annual growth speed of the e-commerce market is 22% and is expected to hit US$10 billion in annual revenue by 2022 from the current US$4 billion. The Vietnamese e-commerce market shows huge potential for development and receives great attention from new investors. In a recent report by Topica Founder Institute, e-commerce attracted US$83 million of foreign investment through 21 deals. Startup SEA (used to be Garena, which was termed as a unicorn in Asia), ranked first among investors pouring capital into Vietnamese startups in 2017. SEA spent US$64 million acquiring 82% of the shares in Foody, a food delivery website and app. CyberAgent Ventures, a Japanese venture investment fund, continues its activities in Vietnam. In … [Read more...] about When will Vietnam’s e-commerce players stop “burning money”?
A rescue team checks the scene of the accident in the southern Đồng Nai Province. — Photo vungtau.tintuc.vn Viet Nam News ĐỒNG NAI — Southern Đồng Nai Province has announced the investigation results of the concrete floor collapse, which killed two persons and injured two others at a construction site on May 15. The deputy director of the provincial Department of Labour, Invalids and Social Affairs said the concrete floor failed to meet technical requirements. The accident took place on the second floor of the construction site. The floor was made on May 11. It was still wet and lacked supporting pillars. Heavy rainfall and strong winds on May 15 shook the floor, collapsing it. The department is coordinating with the police to investigate the matter and make final conclusions, he added. At 1.30pm on May 15, a group of seven workers … [Read more...] about Đồng Nai announces investigations results of floor collapse