China's largest new energy car maker BYD has reported surging profit growth in 2015, with demand rising as authorities introduced policy support for green vehicles. BYD raked in 80 billion yuan (12.24 billion U.S. dollars) in revenue last ...
Tags: New Energy Car, EV
Wesfarmers has attributed its latest successful half-yearly results to a strategic emphasis on customer service, good value and improved product ranges in its Coles supermarkets and other retail stores. The parent company of Coles ...
Tags: Wesfarmers, Retail business
Profits of China's major industrial firms fell 1.4 percent year on year in November, narrowing from a 4.6-percent decline posted in October, the National Bureau of Statistics (NBS) said on Sunday. Profits at industrial companies with ...
Tags: Industrial Profit, Decline
Certain LED manufacturers have turned their attention to niche lighting market applications in the wake of declining LED profits, but MLS is ambitiously vying the IC semiconductor industry and emerging markets to boost its profitability in ...
Tags: MLS, IC Semiconductor, LED display
Listed lenders from China may see zero or negligible profit growth next year, with some likely to incur marginal losses, a new report said on Monday. The nonperforming loans ratio, which measures bad loans as a percentage of total loans, ...
Tags: Uneasy Outlook, loans ratio
ASX-listed Collins Foods, which owns KFC and Sizzler restaurants in Australia, has reported profit growth for the six months ending the 18 October 2015. Total revenue was reported as AUD$269.7 million, a 5.1 per cent increase on the same ...
Tags: Collins Foods, KFC
Chinese LED manufacturer Mason Technologies intends to acquire OML Technology for RMB 30 million (US $4.8 million). According to Mason Technologies, about RMB 28.2 million will be used to increase capital, while RMB 27.1 million will be ...
Tags: Mason Technologies, OML Technology, lighting
Mainly benefiting cost savings from utilization of in-stock raw materials procured earlier at lower prices, Taiwan-based China Steel Corp. (CSC), the island's largest steelmaker by size, therefore chalked up a 54-percent growth in pretax ...
Tags: raw material, global market, coking coal, iron ore
For full-year fiscal 2015 (ended 28 June), Cree Inc of Durham, NC, USA has reported revenue of $1.63bn, down just 1% on fiscal 2014's record $1.65bn. Specifically, revenue for Lighting Products (mainly LED lighting systems and bulbs) grew ...
Tags: LED Product, LED chips
MGP Ingredients has reported results for the second quarter period ended June 30, 2015. "We continue to be very pleased with our results through the first half of 2015 as we aggressively implement our strategic plan," said Gus Griffin, ...
ConAgra Foods, an American packaged foods company, is planning to exit its private label foods business as it looks to boost profit margins, cut costs and focus on its growing consumer foods and commercial foods segments. The plans to ...
Tags: ConAgra Foods, packaged foods
Chinese food manufacturer American Lorain has expanded its product portfolio with the introduction of a new breakfast product line - Lorain Youtiao. The launch comes in response to increasing consumer demand for on-the-go breakfast and ...
Falling product ASPs and gross margins are set to erode Taiwan's fabless IC firms' profitability in 2015, according to industry sources. Foundry chipmakers have seen their production capacities stay loose thus far in 2015, said the ...
Tags: fabless IC, IC industry
Profit growth at major Chinese industrial firms slowed to 0.6 percent year on year in May, down 2 percentage points from the pace posted in April, the National Bureau of Statistics (NBS) said on Sunday. Profits at industrial companies ...
Warrnambool Cheese and Butter Factory (WCB), a subsidiary of dairy giant Saputo, has completed the previously announced acquisition of Lion Dairy & Drinks' (LDD) everyday cheese business (EDC Business) for A$137.5m ($107.3m). The ...