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The Central Enterprise Net Profit Fell 16.1% in January to July

Source: Yiwu sourcing agent    Author: Helan      Date: 2012-08-25

he data released yesterday by the State Council, the SASAC, January-July, the central enterprises realized a total operating income of 12.33476 trillion yuan, a year-on-year growth of 8.4%; and paid taxes a total of 1.26257 trillion yuan, a year-on-year growth of 13.8%; cumulative net profit of 459.38 billion yuan, year-on-year decline of 16.1%, but the decline has narrowed by 0.3 percentage points over the first half.
  Contrast statistics before the month of July, the central enterprises to achieve a net profit of 69.37 billion yuan, basically quite to the level of profits in June than in May, an increase of about 8%. The central enterprises operating income year-over-year increase of 9% in January-June, while the year-on-year growth rate dropped to 8.4% in January-July; Total fees and taxes, an increase of 16.4% in January-June, but year-on-year increase in January-July fell to 13.8%.

Operating income, fees and taxes, representing a significant year-on-year growth, the decline in year-on-year increase in net profit trend, indicating that the current complex economic situation, the central enterprises decreased profitability.

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