China's central SOEs report 135 bln yuan profits in first two months

20:55, March 19, 2010      

Email | Print | Subscribe | Comments | Forum 

China's 127 centrally-administered state-owned enterprises (SOEs) reported total gross profits of 134.8 billion yuan (19.77 billion U.S. dollars) in the first two months, up 121 percent year on year, said a statement on Friday.

According to the statement posted on the website of State-owned Assets Supervision and Administration Commission (SASAC), SOE operating revenues rose by 52.1 percent from a year earlier to 2.18 trillion yuan in January and February, and the tax paid rose by 43.2 percent to 221.72 billion yuan.

Wang Zhigang, a researcher with the SASAC, said the big year-on-year increases were mainly attributable to poor performances in the same period last year, and were partially boosted by the overall economic situation and Spring Festival spending.

Source: Xinhua
  • Do you have anything to say?


Special Coverage
Major headlines
Editor's Pick
  • Photos: Ming Dynasty tombs discovered in Anhui
  • Sandstorm covers Beijing with orange dust
  • Stylish and changeable haircut
  • Ten sexiest bikini goddess
  • Ljubicic claims Indian Wells title by defeating Roddick
  • Rockets top Knicks, 116-112
Most Popular
Hot Forum Dicussion