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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (1894)9/1/2001 11:41:49 PM
From: ms.smartest.person  Read Replies (1) of 2248
 
HK-listed Pacific Century CyberWorks to record after-tax profits of HK$960m for 1st half
Hong Kong Economic Journal; Aug 31, 2001

Hong Kong-listed Pacific Century CyberWorks Ltd, engaged in technology businesses related to the internet, is to record after- tax profits of HK$960m or HK$0.08 per share for the first half of 2001, according to US-based Goldman Sachs, a securities agency. Pacific Century's operating profits from its core business are estimated to amount to HK$4.5bn in the half, down 24 per cent from Goldman Sachs' original forecast. Pacific Century's operating revenues are estimated to stand at HK$1.1bn in the first half. Goldman Sachs has downgraded its forecast for Pacific Century's 2001 pre-tax earnings per share (EPS) by 10 per cent.

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