SOEs' profits gain
Source: Xinhua |
April 19, 2011, Tuesday
|
Print Edition
Print Edition
THE combined profits of China's state-owned enterprises rose 27.5 percent year on year to 512.35 billion yuan (US$77.6 billion) in the first quarter, the Ministry of Finance said yesterday.
The growth of operating costs was higher than that of business revenue, said a statement on the ministry's website. Business revenue totaled 8.09 trillion yuan, up 24.7 percent from a year earlier, the statement said.
Industries such as building materials, construction, real estate and chemical saw big gains in profits from January to March. Five major power generation companies, along with enterprises under the Ministry of Railways, posted losses, the statement said.
The growth of operating costs was higher than that of business revenue, said a statement on the ministry's website. Business revenue totaled 8.09 trillion yuan, up 24.7 percent from a year earlier, the statement said.
Industries such as building materials, construction, real estate and chemical saw big gains in profits from January to March. Five major power generation companies, along with enterprises under the Ministry of Railways, posted losses, the statement said.
- 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.
