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Surge in total profits of China's chemical fibre sector
31
Jan '11
After preliminarily seasonal adjustment, in the fourth quarter of 2010, China's chemical fibre industry realized 11.64 billion Yuan of total profits, up 160.1 percent year on year, annual growth rate significantly went up by 118.2 percentage points; quarter-on-quarter growth was 87.4 percent and the rate of growth was 78.7 percentage points higher than the previous quarter.

The profit margin of Chemical fibre industry was 8.2 percent, accelerating 3.2 percentage points from the previous quarter, higher than 6.6 percent of sales profit rate of the entire industry.

The chemical fibre industry achieved 8.144 million tons of production, an increase of 9.7 percent year on year, the growth rate slightly fell 0.2 percentage points from the previous quarter; quarter-on-quarter growth was 3.4 percent and the rate of growth was 1.7 percentage points higher from the previous quarter.

Fibre2fashion News Desk - China

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