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China's textile sector profits decline, loss rises rapidly
09 Apr '12
1 min read
Big and major Chinese textile companies achieved income of 726.2 billion Yuan in January-February 2012, up 19.6 percent year on year.
Their total profits reached 33.4 billion Yuan, down 2.3 percent year on year.
Of which, profits of cotton spinning & processing industry fell 5.1 percent and those of chemical fiber manufacturing fell 52.4 percent year on year.
In the same period, total losses of loss-making enterprises increased by 95.9 percent year on year.
Among them, the number of loss-making enterprises in chemical fiber manufacturing grew by 91.1 percent year on year.
Their total profits reached 33.4 billion Yuan, down 2.3 percent year on year.
Of which, profits of cotton spinning & processing industry fell 5.1 percent and those of chemical fiber manufacturing fell 52.4 percent year on year.
In the same period, total losses of loss-making enterprises increased by 95.9 percent year on year.
Among them, the number of loss-making enterprises in chemical fiber manufacturing grew by 91.1 percent year on year.
Fibre2fashion News Desk - China
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Folker Stachetzki
Brother Internationale Industriemaschinen GmbH
Therese Premler-Andersson
Textile Machinery Association of Sweden (TMAS)
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