IN BRIEF (Page 13)
China Daily | Updated: 2011-03-01 07:29
SOEs profit up by 24 percent
China's State-owned enterprises (SOEs) reported a net profit of 70.55 billion yuan ($10.73 billion) in January, up 24 percent year-on-year, the nation's SOEs regulator said on Monday.
According to a statement from the State-owned Assets Supervision and Administration Commission, the combined business revenue of centrally administered SOEs reached 1.431 trillion yuan last month, up 23 percent year-on-year, but the growth rate was 44.8 percentage points lower than in 2010.
Photo
