- CNTV English - CCTV News

Homepage > News > Biz >

Singapore firms' profit margins yet to recover despite strong revenue: survey

02-10-2012 13:29 BJT

SINGAPORE, Feb. 10 (Xinhua) -- The revenue of Singapore's top 1, 000 firms in the 12-month period that ended mid-2011 surged by 26 percent year on year, but their profit margins obviously lagged behind the recovery in revenue, a latest survey has found.

The survey by consultancy DP information found that the revenue of these firms grew by 26 percent to 1.98 trillion Singapore dollars (1.58 trillion U.S. dollars) in the period covered by the survey, showing that the sales rebounded strongly from the lows in the economic downturn, local daily Lianhe Zaobao reported on Friday.

However, their profit margins were at 6.98 percent, down by 2. 24 percentage points from that in the previous 12-month period. They were also lower than the profit margins of 8.17 before the global financial crisis.

"Singapore's biggest companies are making money, but not at the same rate they were three years ago," said Chen Yew Nah, managing director of DP Information Group.

Chen said the better revenue performance has resulted in a dramatic drop in the number of companies trading at a loss. Only 80 of the top 1,000 firms recorded a loss in the survey this year, compared with 138 last year.

The survey based on financial information for the period between mid-2010 and mid-2011 also revealed the full extent of the impact of the financial crisis.

The number of companies from the financial sector in the top 1, 000 list dropped to 33 now from 65 when the financial crisis hit.

There are now 180 manufacturing companies on the list this year, down 21 percent from the 229 at the beginning of 2009. Within the manufacturing sector, the number of electronics and electrical companies dropped from 82 to 64.

Editor:Zhang Rui |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program