Bloomberg News

China State-Owned Companies Jan.-Oct. Profit Rises 16% on Year

November 18, 2011

Nov. 18 (Bloomberg) -- China’s state-owned companies’ total profit in the first ten months rose 16 percent from a year earlier to 1.87 trillion yuan, according to a statement on the Ministry of Finance website.

The revenue gained 23.9 percent to a combined 30.2 trillion yuan, according to the statement. Net income for state-owned companies in the period was 1.41 trillion yuan, the statement said.

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net


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