Profits plunged 17.8 per cent in August from a year earlier following a 4.1 per cent increase in July, while earnings rose at a slower 0.5 per cent pace in the first eight months compared with 3.6 per cent growth in the January to July period, according to the National Bureau of Statistics (NBS).
The slump in August was due to factors such as "the lack of effective market demand, the greater impact of natural disasters such as high temperatures, heavy rains, and floods in some areas", said NBS statistician Wei Ning.
Esta historia es de la edición September 28, 2024 de The Straits Times.
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