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Article: CHINA LISTED TEXTILE COMPANIES' SALES DOWN 2.79%
- Article from:
- AsiaInfo Services
- Article date:
- August 28, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
08-28-2009
China Listed Textile Companies' Sales Down 2.79%
BEIJING, Aug 28, 2009 (SinoCast Daily Business Beat via COMTEX) -- 46 extile companies listed on the A-share market saw their sales drop 2.79% to CNY 27.833 billion in the first half of 2009, with net profits standing at CNY 1.369 billion, up 8.22% from a year earlier.
Their exports are expected to remain subdued in the third quarter and may not revive until the last quarter of 2009. An all-out recovery of the industry still remains to be seen.
Fortunately, they found a way into the domestic market during the period when the global financial crisis crimped demand overseas for China-made goods and made as much as ...
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