AIRLINK 74.79 Decreased By ▼ -0.46 (-0.61%)
BOP 5.12 Increased By ▲ 0.01 (0.2%)
CNERGY 4.48 Decreased By ▼ -0.12 (-2.61%)
DFML 33.40 Increased By ▲ 0.87 (2.67%)
DGKC 89.30 Decreased By ▼ -1.05 (-1.16%)
FCCL 22.64 Decreased By ▼ -0.34 (-1.48%)
FFBL 32.80 Decreased By ▼ -0.77 (-2.29%)
FFL 9.88 Decreased By ▼ -0.16 (-1.59%)
GGL 10.93 Decreased By ▼ -0.12 (-1.09%)
HBL 115.00 Increased By ▲ 0.10 (0.09%)
HUBC 136.00 Decreased By ▼ -1.34 (-0.98%)
HUMNL 9.95 Increased By ▲ 0.42 (4.41%)
KEL 4.62 Decreased By ▼ -0.04 (-0.86%)
KOSM 4.74 Increased By ▲ 0.04 (0.85%)
MLCF 39.65 Decreased By ▼ -0.89 (-2.2%)
OGDC 139.80 Increased By ▲ 0.05 (0.04%)
PAEL 27.30 Decreased By ▼ -0.35 (-1.27%)
PIAA 24.92 Increased By ▲ 0.52 (2.13%)
PIBTL 6.75 Decreased By ▼ -0.17 (-2.46%)
PPL 123.64 Decreased By ▼ -1.66 (-1.32%)
PRL 27.15 Decreased By ▼ -0.40 (-1.45%)
PTC 14.00 Decreased By ▼ -0.15 (-1.06%)
SEARL 59.35 Decreased By ▼ -2.50 (-4.04%)
SNGP 71.30 Decreased By ▼ -1.68 (-2.3%)
SSGC 10.45 Decreased By ▼ -0.14 (-1.32%)
TELE 8.68 Decreased By ▼ -0.10 (-1.14%)
TPLP 11.51 Decreased By ▼ -0.22 (-1.88%)
TRG 65.50 Decreased By ▼ -1.10 (-1.65%)
UNITY 25.76 Increased By ▲ 0.61 (2.43%)
WTL 1.40 Decreased By ▼ -0.04 (-2.78%)
BR100 7,821 Increased By 18.4 (0.24%)
BR30 25,604 Decreased By -211.7 (-0.82%)
KSE100 74,623 Increased By 91.7 (0.12%)
KSE30 24,043 Increased By 88.4 (0.37%)

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.