IN BRIEF (Page 15)
China Daily | Updated: 2011-10-25 07:59
SOE net profits up, in 2010
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) "2010 Centrally administered SOE Operation" report published recently, shows net profits of many central enterprises up significantly.
It put the number of centrally administered State-owned enterprises (SOE) at 120, by the end of 2010. Total net profits were 852.27 billion yuan ($133.56 billion), up 42.8 percent over the previous year; 99 enterprises showed higher profits.
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