China state owned enterprises profits up 14.4%
Beijing - QNA
China's 113 state-owned enterprises administered by the State-owned Assets Supervision and Administration Commission posted a 14.4% increase in net profits in the first three quarters. The net profits of central SOEs amounted to 992.7 billion Yuan ($161.5 billion) during the period, SASAC said in a statement carried by Chinese News Agency (Xinhua). According to the statement, the total revenues of central SOEs during the first nine months of 2013 rose 9.6% year-on-year to hit 17.6 trillion Yuan.
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