AIRLINK 75.39 Increased By ▲ 1.69 (2.29%)
BOP 4.89 Decreased By ▼ -0.01 (-0.2%)
CNERGY 4.43 Decreased By ▼ -0.09 (-1.99%)
DFML 43.45 Decreased By ▼ -1.43 (-3.19%)
DGKC 84.65 Decreased By ▼ -0.85 (-0.99%)
FCCL 21.30 Decreased By ▼ -0.10 (-0.47%)
FFBL 32.40 Decreased By ▼ -0.11 (-0.34%)
FFL 9.53 Decreased By ▼ -0.06 (-0.63%)
GGL 10.10 Decreased By ▼ -0.17 (-1.66%)
HASCOL 6.98 Decreased By ▼ -0.15 (-2.1%)
HBL 114.59 Decreased By ▼ -0.11 (-0.1%)
HUBC 139.19 Increased By ▲ 0.09 (0.06%)
HUMNL 12.16 Decreased By ▼ -0.26 (-2.09%)
KEL 4.96 Decreased By ▼ -0.07 (-1.39%)
KOSM 4.40 Decreased By ▼ -0.05 (-1.12%)
MLCF 37.25 Decreased By ▼ -0.35 (-0.93%)
OGDC 134.11 Decreased By ▼ -2.69 (-1.97%)
PAEL 25.32 Decreased By ▼ -0.07 (-0.28%)
PIBTL 6.64 Decreased By ▼ -0.05 (-0.75%)
PPL 119.30 Decreased By ▼ -1.70 (-1.4%)
PRL 26.36 Decreased By ▼ -0.23 (-0.86%)
PTC 13.79 Decreased By ▼ -0.31 (-2.2%)
SEARL 57.00 Decreased By ▼ -0.30 (-0.52%)
SNGP 66.90 Decreased By ▼ -1.10 (-1.62%)
SSGC 10.40 Decreased By ▼ -0.02 (-0.19%)
TELE 8.34 Decreased By ▼ -0.11 (-1.3%)
TPLP 10.90 Decreased By ▼ -0.08 (-0.73%)
TRG 62.89 Decreased By ▼ -0.45 (-0.71%)
UNITY 27.00 Decreased By ▼ -0.05 (-0.18%)
WTL 1.36 Decreased By ▼ -0.02 (-1.45%)
BR100 7,919 Decreased By -22.1 (-0.28%)
BR30 25,407 Decreased By -240.3 (-0.94%)
KSE100 75,386 Decreased By -131.5 (-0.17%)
KSE30 24,201 Decreased By -77.2 (-0.32%)

china-flagBEIJING: China's industrial profits fell 6.2 percent to 381.2 billion yuan ($60.49 billion) in August from a year ago, the government said on Thursday, quickening the pace of a drop in earnings this year as firms battle with an economic slowdown.

 

Industrial sector profits dropped 3.1 percent to 3.06 trillion yuan between January and August compared to the same period last year, the National Bureau of Statistics said on Thursday, versus a 2.7 percent decline in January to July.

 

Falling corporate profits mirror China's economic malaise.

 

A raft of economic data earlier this month showed factory output languishing at 39-month lows in August as growth in exports and imports turned in one of their weakest showings since the 2008/09 global financial crisis.

 

Deteriorating economic data has led analysts to predict China will post its worst growth report in 13 years in 2012 with a gross domestic product expansion of just 7.7 percent.

 

Copyright Reuters, 2012

Comments

Comments are closed.