Nike sees higher profit on increased sales

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Source: BBC

Nike reported the increase in profit in Q2 supported by high demand for its products. The earnings of the company surged from $457m to $469m in Q2 with 18% increase in revenue to $5.7bn. However, higher production costs impacted profit margins that declined by 2.6% to 42.7%.

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Wed, 21 Dec 2011 10:35:52 GMT

China's state owned enterprises see profit increase

China's state-owned enterprises and holdings' profits increased to 2.04 trillion yuan, reported Ministry of Finance. Revenue of companies amounted 33.48 trillion yuan being 23.2% higher than revenue in 2010. At the same time the costs of companies rose by 23.9% on a yearly basis. The top performers are chemical, coal and construction materials sectors.

Wed, 21 Dec 2011 10:33:15 GMT

Gold futures advance during the Asian trade

Gold futures advanced during the electronic trade following the common upward commodity trend supported by lower value of the USD. On the Comex Division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,626.00 per ounce, gaining 0.5% since opening.

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