SOEs' profit up
Source: Xinhua |
December 18, 2010, Saturday
|
Print Edition
Print Edition
Profits of China's state-owned enterprises hit 1.81 trillion yuan (US$271.92 billion) in the first 11 months of this year, up 43.1 percent on an annual basis, figures released yesterday by the Ministry of Finance showed.
But profits in November were down 2.6 percent from the previous month, according to a statement on the ministry's website. The statement did not give reasons for the decrease in the SOEs' profits.
Business revenue totaled 27.34 trillion yuan over the 11 months, a jump of 32.5 percent from the same period of last year. Revenue in November alone climbed 6.4 percent from that in October.
During the first 11 months, the SOEs paid a total of 2.23 trillion yuan in taxes, a rise of 21.4 percent year on year.
But profits in November were down 2.6 percent from the previous month, according to a statement on the ministry's website. The statement did not give reasons for the decrease in the SOEs' profits.
Business revenue totaled 27.34 trillion yuan over the 11 months, a jump of 32.5 percent from the same period of last year. Revenue in November alone climbed 6.4 percent from that in October.
During the first 11 months, the SOEs paid a total of 2.23 trillion yuan in taxes, a rise of 21.4 percent year on year.
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