SOEs' profits fall
Source: Xinhua |
November 19, 2011, Saturday
|
Print Edition
Print Edition
PROFITS of China's state-owned enterprises fell in October from the previous month, extending the downward trend to four consecutive months, the Ministry of Finance said yesterday.
October profits dropped 12.4 percent to 160 billion yuan (US$25 billion) from that of September, showing a reduction margin even greater than that of a month earlier.
Profits in the first 10 months expanded 16 percent year on year to 1.87 trillion yuan, and sales revenue increased 23.9 percent on an annual basis to 30.15 trillion yuan.
Profits of centrally-administered SOEs stood at 1.27 trillion yuan during the January-to-October period, up 12.1 percent year on year, but the October reading was down 20.7 percent from the previous month.
October profits dropped 12.4 percent to 160 billion yuan (US$25 billion) from that of September, showing a reduction margin even greater than that of a month earlier.
Profits in the first 10 months expanded 16 percent year on year to 1.87 trillion yuan, and sales revenue increased 23.9 percent on an annual basis to 30.15 trillion yuan.
Profits of centrally-administered SOEs stood at 1.27 trillion yuan during the January-to-October period, up 12.1 percent year on year, but the October reading was down 20.7 percent from the previous month.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
