Macau | Local public workers lack quality specialised training in legal matters - Legislators
| 09:11pm
Macau | Municipal market at Seac Pai Van operational by year-end - IACM head
| 08:22pm
Macau | Macau Design Centre to reach out to Chinese cities and lead this year’s Light Festival
| 07:58pm
Macau | Stronger services sector compensates receding construction
| 07:29pm
Macau | Emperor Hotel revenue down 10 per cent y-o-y impacted by Cotai competition
| 07:28pm
Macau | Rushed political reform would "impact the economy of Macau" - Secretary for Administration and Justice
| 07:21pm
Macau | Social Security Fund payments starting on Thursday
| 06:46pm
Apple says China students illegally worked overtime at supplier
| 06:41pm
Macau | Agricultural Bank of China applies for local intellectual property protection
| 06:06pm
Ex-Bosnian Serb commander Mladic faces verdict in genocide trial
| 05:56pm

Well-to-do neighbours

The profit from Zhuhai Holdings Investment Group Limited for the fist six months of this year increased 30.5 cent year-on-year to reach RMB25.13 million

Shipping and property conglomerate Zhuhai Holdings Investment Group Limited registered RMB25.13 million (MOP30.6 million/US$3.8 million) in profit for the first half of the year, 30.5 per cent year-on-year, the group’s unaudited financial results reveal.
The group’s total revenue fell by around 16 per cent yearly during the period to reach RMB1.24 billion.
This yearly decrease was attributed to the company’s decision to reduce the proportion of receivables for the fuel wholesale business under the city energy supply segment in the fund in order to reduce business risks.
Nevertheless, according to the filing, the group’s expansion of its business volume of product oil retail still allowed an incremental increase in its unaudited consolidated profit.
The group provides energy supply businesses through Zhuhai Jiuzhou Energy Co., Ltd. (Jiuzhou Energy Company) – a wholly owned subsidiary of its ferry company Zhuhai High-speed Passenger Ferry Co., Ltd.
According to the release, the sales volume of the product oil retail business in the first half of this year went up 22 per cent yearly to 12,000 tonnes, while the product oil wholesale business plunged 38 per cent year-on-year to 197,000 tonnes.
‘The product oil wholesale business has been extended to Qinzhou, Hangzhou, Fushun, Nantong, among other cities, through effective business expansion,’ the release announced.
As of June 30, the group owned RMB6.88 billion in properties under development in non-current and current assets, representing 59.6 per cent of its total RMB11.56 billion in assets.

OPINION

551 POSTS0 COMMENTS
225 POSTS0 COMMENTS
185 POSTS0 COMMENTS
103 POSTS0 COMMENTS