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SCMP Group

 
Hoover's Profile: SCMP Group Limited
(Pink Sheets:SCPXY)
Contact Information
SCMP Group Limited
16/F, Somerset House, Taikoo Place, 979 King's Rd., Quarry Bay
Hong Kong
Tel. +852-2565-2222
Fax +852-2565-2429

Type: Public
On the web: http://scmpgroup.com
Employees: 943

This company feeds the need for news in Hong Kong. SCMP Group publishes the South China Morning Post, the leading English-language newspaper in Hong Kong with a daily circulation of more than 100,000. It also publishes the weekend edition Sunday Morning Post, boasting a circulation of about 80,000. In addition to its own papers, SCMP owns a 20% stake in Post Publishing Public Company, which produces the English-language daily Bangkok Post. SCMP is also active in magazine publishing with Chinese-language versions of Cosmopolitan and Harper's Bazaar, as well as book publishing. The Kerry Group holding company, owned by Robert Kuok, SCMP ex-chairman and one of Asia's richest businessmen, controls the company.

Key numbers for fiscal year ending December, 2008:
Sales: $133.9M
One year growth: (16.5%)
Net income: $17.3M
Income growth: (76.0%)

Officers:
Chairman: David J. Pang
Managing Director and Chief Executive: Kuok Hui Kwong
CFO: Ponch C.W. Poon

Competitors:
International Herald Tribune
Next Media
Oriental Press Group

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Wikipedia: SCMP Group
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The SCMP Group (SEHK: 0583) is a publishing group in Hong Kong. SCMP publishes:

SCMPlogo.gif

It also ran a chain of convenience stores, Daily Stop, at MTR and KCR stations, and shopping malls, before selling it to 7-Eleven.

History

In November 1971, it was listed on the Hong Kong Stock Exchange. It was privatised by Rupert Murdoch's News Corporation in 1987, and relisted in 1990.

In October 1993, Robert Kuok's Kerry Group acquired a 34.9% stake in the SCMP Group from Murdoch's News Corporation. His son, Kuok Khoon Ean, took over as chairman at the end of 1997.

See also



 
 

 

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