Top Biz News

Shanghai Yuyuan Tourist Mart forecasts profit gains in 2009

(Xinhua)
Updated: 2010-01-28 15:00

Shanghai Yuyuan Tourist Mart Co, a major Chinese retailer, Thursday forecast a 50-percent growth in annual profits for last year.

In a brief statement filed to the Shanghai Stock Exchange, Shanghai Yuyuan Tourist Mart attributed the growth to its investment return in an increased stake in a Shandong-based mining company. But the statement did not specify how much the deal had contributed to its profits in 2009.

Related readings:  China's stocks continue falling for 4th straight day  Tourism to exceed 1.44t yuan in 2010

The company said it maintained moderate growth in its major business last year despite the adverse impact of the global economic downturn.

The company said it would reveal the specific figures in its annual business report soon. But it did not specify the date.

Specials

Major Earthquake Hits Haiti

A Salute to the Brave

World Expo 2010

Top 10 everything of 2009 - all 50 categories

more

• 

  Apple iPad

  Apple CEO Steve Jobs has unveiled the iPad, a tablet-style computer that resembles the iPhone, but larger.

• 

  Reconstruction Funds

  The country's top auditing authority said yesterday that 230 million yuan ($34 million) of reconstruction funds for the 8.0-magnitude Wenchuan earthquake in Sichuan province had been misused.

• 

  Sexy Girl

  Curvy Scarlett Johansson smoulders in these new ads for clothing firm, Mango.

• 

  The Extra Man

  Actress and cast member Katie Holmes arrives for the premiere of the film "The Extra Man" at the Sundance Film Festival in Park City, Utah January 25, 2010.

• 

  Lost Feeling

  One year has slipped away, is the buried feeling getting lost?

Columnists

Li Xing

Do three errors mean breaking point for IPCC?

Zhu Yuan

How corrupt and unsportsmanlike is soccer?

Erik Nilsson

Rural political reform for the benefit of all

Chen Weihua

Haitians deserve a much better future

more

China Daily E-paper

China Daily

US Edition

21st Century

HK Edition

China Daily PDF

Subscribe

Advertise

Jobs

About Us