Wednesday, March 21, 2012

More revenue...

...less profits.

Sounds good (!??!)

March 20 – China's state-owned enterprises reported ¥7.5 trillion in revenues and ¥211.97 billion in gross profits in the first two months of 2012, up 9.9% and down 11.5% respectively from the same period a year ago. The sluggish steel, real estate and machinery industries were cited for the decline in earnings.

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