![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
PROFITS - CHINA - Auto sector profits fall in firsts 4 months
Beijing,China - Xinhua/Chinaview -2005/06/14: -- Profits in China's auto sector slumped by more than half in the first four months of this year due to sluggish sales, tumbling vehicle prices and mounting costs, according to an industry organization... The sector, including vehicles, engines, spare parts and motorcycles, reported 12 billion yuan (US$1.45 billion) in profits in the period, down 57 per cent from a year earlier, showed statistics from the China Association of Automobile Manufacturers... Profits in the vehicle-making segment slid by 74 per cent year-on-year to 4.36 billion yuan (US$526.5 million) in the period... The whole sector's profit margin declined to less than 4 per cent from January to April this year from some 9 per cent last year, said Zhu Yiping, spokeswoman of the auto association...
posted by Unknown @ 3:06 PM
0 Comments:
Post a Comment
<< Home