Industrial profits fell 20.6 per cent in the January-to-April period from the same timeframe in 2022, data published on Saturday by the National Bureau of Statistics (NBS) showed. The drop was slower than a decline of 21.4 per cent logged in the first quarter.
Profits for the single month of April were down 18.2 per cent from a year earlier, according to NBS figures, compared with March's decline of 19.2 per cent.
This story is from the May 30, 2023 edition of The Straits Times.
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This story is from the May 30, 2023 edition of The Straits Times.
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