11.   To be sure, residential development is a profitable enterprise these days.

12.   When a seemingly profitable enterprise suddenly goes bankrupt, there are surely lessons to be learned.

13.   Profitable enterprises once owned by the state have been moved into private hands, sometimes under allegedly questionable circumstances.

14.   But Norman divides his time among golf and several profitable enterprises.

15.   Economic reforms have turned the Chinese state-owned tobacco industry into a hugely profitable enterprise, increasing both opportunities for graft and incentives for bribery.

16.   In trying to introduce market reforms to its bloated state sector, China has allowed profitable state enterprises to take over or merge with money losers.

17.   It urged local governments to try other methods to revive money-losing state companies, such as merging with more profitable enterprises or issuing equity to shareholders.

18.   It was the latest protest at a government decision only to award pay rises at profitable state enterprises.

19.   Profitable enterprises are to be kept open, while loss-makers will be suspended or shut down, the report said.

20.   Ueda said waste disposal has become a less profitable enterprise because disposal costs are rising while competition is holding down removal fees.