Three Textile Enterprises Do Not Agree With The Increase Of Textile Export Tax Rate.
The increase of export rebate rate of textile and garment brings substantial benefits to many enterprises. A number of textile enterprises announced that since August 1, 2008, the export tax rebate rate of some textiles and clothing has increased from 11% to 13%, so that the annual net profit of the company has increased to varying degrees.
Lu Tai A and Lu Tai B (000726200726) announcement, according to the company's financial departments in accordance with the import and export plan for 8-12 months in 2008, the export tax rebate rate increase will increase the company's total profit of about 21 million 80 thousand yuan this year.
Halliday (002206) said that due to the polyester industry filament and light box cloth products were also included in the export tax rebate rate adjustment range, thereby the company's profits in 2008 will have a certain beneficial effect.
According to the export volume of the company in the first half of 2008, it is expected that the profit will increase by about 3 million 500 thousand yuan in the second half of the year. But the increase in profits will not affect the company's semi annual report on the first three quarters of the "net profit attributable to the owners of the parent company than the same period last year growth rate of less than 30%" is expected.
Shanghai Sanmao (600689) said that as the proportion of textile exports decreased year by year, and textile exports were mainly agents, the export tax rebate rate adjustment had little impact on the company's second half year and future business performance.
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