Profit increase
Source: Xinhua |
May 24, 2011, Tuesday
|
Print Edition
Print Edition
CHINA'S state-owned enterprises administered by the central government posted a net profit increase of 18.2 percent year on year in the first four months.
The pace of increase was 4.2 percentage points lower than that in the first quarter.
The combined net profits of the 121 central SOEs totaled 290.69 billion yuan (US$44.72 billion) during January to April, the State-owned Assets Supervision and Administration Commission said in a statement on its website yesterday.
The administration did not give an explanation for the profit increase or the lower growth rate.
It said revenues of the central SOEs rose 24.1 percent on an annual basis to 6.08 trillion yuan from January to April.
The pace of increase was 4.2 percentage points lower than that in the first quarter.
The combined net profits of the 121 central SOEs totaled 290.69 billion yuan (US$44.72 billion) during January to April, the State-owned Assets Supervision and Administration Commission said in a statement on its website yesterday.
The administration did not give an explanation for the profit increase or the lower growth rate.
It said revenues of the central SOEs rose 24.1 percent on an annual basis to 6.08 trillion yuan from January to April.
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