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Profits Slump
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China's Industrial Profit Decline Narrows in November
Dec 28, 2015Profits of China's major industrial firms fell 1.4 percent year on year in November, narrowing from a 4.6-percent decline posted in October, the National Bureau of Statistics (NBS) said on Sunday. Profits at industrial companies with ...
Tags: Industrial Profit, Decline
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China's Mining and Washing Industry Falls 43.9%
Jul 1, 2014China's coal mining and washing industry reported profits falling 43.9% year on year to Yuan 51.26 billion ($8.3 billion) during the first five months of this year, mainly due to sagging coal prices, data from the National Bureau of ...
Tags: Coal Mining, Washing Industry
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Baosteel Announced That Its Operating Revenues Fell by 2.42% Year on Year
Nov 1, 2013It's reported that the Chinese steelmaker Baosteel announced that its operating revenues totaled RMB142.264 billion in January-September period, falling by 2.42% year on year. In the first nine months of this year, the company's net profits ...
Tags: Construction, Decoration, steel, baosteel
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Brazilian Vale Announces That Its Sales Revenues up by 0.7% in Q2
Aug 13, 2013It’s reported that the Brazilian mining giant Vale announced that its sales revenues totaled US$1.128 billion in the second quarter of this year, up by 0.7% from a quarter ago but falling by 11.4% year on year. Moreover, the mining ...
Tags: mining giant, Vale
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NLMK's Net Profits Totaled US$38 Million in Q1 of This Year,Slumping by 78% Year on Year
May 21, 2013It’s reported that NLMK, a mining and steelmaking group in Russia announced that its net profits totaled US$38 million in the first quarter of this year, slumping by 78% year on year, affected by foreign exchange rate loss of US$27 ...
Tags: NLMK, Construction, steel
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Dell Heated up as Corporate Raider Carl Icahn and Other Investors Made New Offer
May 14, 2013A battle for US computer giant Dell has heated up as corporate raider Carl Icahn and other investors made a new offer and called a planned buyout led by company founder Michael Dell a "giveaway". The investor group, which holds around 13 ...
Tags: Dell, Computer Products
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Benxi Steel's Net Profits Slumped by 91% From a Year Ago in 2012
Apr 26, 2013It's reported that the Chinese Benxi Steel announced that its net profits slumped by 91% from a year ago to RMB69.38 million in 2012. The company stated that high raw material prices and sluggish demand caused its net profits slump last ...
Tags: steel, Metallurgy, Mineral, Energy
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Intel Has Not Adjusted Its Sales Forecasts for 2013
Apr 18, 2013Intel, the world's largest chip manufacturer, has not adjusted its sales forecasts for 2013, despite a drop in first quarter revenue and a slump in PC sales. Revenue for Q1 2013 was $12.6bn (£8.2bn), down from $12.9bn (£8.4bn) ...
Tags: Computer Products, Intel
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Intel Has Released Its Own Apache Hadoop Distribution
Mar 1, 2013Intel has released its own Apache Hadoop distribution as the firm looks to extend its reach in the big data market. Apache Hadoop is an open source framework that specialises in running data applications on large hardware clusters. ...
Tags: Intel, Apache Hadoop, data market
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Intel Has Invested About $6.5m in Software-Defined Networking (SDN) Firm
Feb 17, 2013Semi-conductor giant Intel has invested about $6.5m (£4.1m) in software-defined networking (SDN) firm Big Switch Networks, as it looks to diversify its portfolio away from PCs and servers. The investment by Intel comes in Big ...
Tags: Semi-conductor, Intel, networking
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Dell Unveiled Plans to Go Private in a $US24.4 Billion Deal
Feb 6, 2013DELL has unveiled plans to go private in a $US24.4 billion ($23.4bn) deal which would give founder Michael Dell a chance to reshape the former number one PC maker. "I believe this transaction will open an exciting new chapter for Dell, ...
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CISA's 80 Member Enterprises in China Realized Net Profits in 2012,Slumping by 98.22%
Feb 4, 2013It’s reported that China Iron and Steel Association pointed out that its 80 member enterprises in China realized net profits of RMB1.581 billion in 2012, slumping by 98.22% from a year ago. In 2012, the 82 member enterprises posted ...
Tags: CISA, net profits, 2012
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Linyuan Steel's Net Profits in 2012 Would Slump by 70% From a Year Ago
Jan 24, 2013Hunan Province-based Linyuan Steel estimated that its net profits attributed to the shareholders of its parent company in 2012 would slump by 70% from a year ago. In 2011, the company’s net profits attributed to the shareholders of ...
Tags: Hunan Province, Linyuan Steel, net profits, 2012
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DELL Is Said to Be Close to Being Bought out for About $24bn as The Crisis Amid PC Makers
Jan 23, 2013Dell is said to be close to being bought out for about $24bn (£15.1bn) as the crisis amid PC makers takes its toll on one of the world's largest technology firms. The company, which has switched its focus from producing PCs to ...
Tags: Dell, PC, IT service
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Lenovo Has Overtaken Acer in The Volume of EMEA PC Sales Made by Quarter
Jan 21, 2013Chinese firm Lenovo has overtaken Acer in the volume of EMEA PC sales made by quarter, to become the second biggest PC maker in the region, behind HP. According to figures for the fourth quarter of 2012 from analysts IDC, a sustained ...
Tags: Lenovo, Acer, EMEA PC sales, company news