Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Bahrain All Share Index closes lower, Bahrain Islamic Index closes higher
- Zain Kuwait strengthens role as strategic partner to the national energy sector
- Europe's reliance on US, Russian LNG climbs to record above 80%
- Gulf Bank participates in 'Joy Land' initiative
- Dollar posts first weekly gain since January on haven demand
- Tech stock shakeout clouds market ahead of data deluge
- Bede partners with Ottu to advance digital wallet adoption in Kuwait
- Duqm Refinery exports 633 shipments since operations began
- MSX extends gains on strong buying by local institutions
- Manufacturing grows 7.2% in 2025, contributes RO3.9bn to Oman's GDP
02/06/2012 07:50 AST
China Securities Journal citing the China Federation of Logistics and Purchasing said major logistics companies in China posted a 7.4%YoY growth in operating profit during the first four months of 2012 with the growth rate down 5.8 percentage points from the first quarter.
Warehousing logistics companies recorded a 13.4%YoY rise in operating profit while transportation logistics companies posted a 7.9% increase in operating profit. Road freight companies recorded a 31.1%YoY fall in operating profit.
The China Federation of Logistics and Purchasing attributed the drop in the profitability of logistics companies to the decrease in demand by the overall economy and rises in the costs of fuel, labor and capital.
According to the China Federation of Logistics and Purchasing, the total value of the logistics industry during the first four months rose 10.2%YoY to CNY 52.6 trillion with the growth rate down 0.7 percentage point from the first quarter or 3.6 percentage points from a year ago.
During the first four months, revenue earned by logistics companies rose 15.8% with the growth rate down 0.4 percentage point from the first quarter. Operating expenses increased 16.9% and the growth rate was down 1.4 percentage points from the first three months.
Steelguru
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
09/02/2026
Europe's reliance on its two biggest providers of LNG surged to a record last month, stoking concern that the region is still failing to diversify.
The European Union got more than 80% of it
Bloomberg
06/02/2026
Indonesia's economy picked up pace last year to grow more than five percent, data showed Thursday, thanks to a pick-up in consumption following a huge government stimulus package. The government unve
AFP
06/02/2026
The Washington Post, owned by billionaire Amazon founder Jeff Bezos, announced major job cuts Wednesday, saying that "painful" restructuring was needed at the storied newspaper.
The Post, wh
AFP
02/02/2026
China's fiscal revenue fell 1.7% in 2025 from a year earlier, the finance ministry said on Friday, the first contraction since 2020 as a protracted property slump and weak domestic demand saddled the
Asharq Al Awsat
02/02/2026
Bitcoin, the world's largest cryptocurrency by market value, was down by 6.53% at $78,719.63 at 12:48 p.m. ET (1748 GMT) on Saturday, continuing its decline from the previous session.
On Fri
Asharq Al Awsat
Financial Information Co.
Saudi Arabia