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English>>China Business

Revenues up for State-owned firms

(Global Times)

08:53, August 14, 2012

Eighty-seven listed central government-owned enterprises posted 293.18 billion yuan ($46.03 billion) in combined revenue in the first half of 2012, up an average of 21.76 percent year-on-year, according to financial statements released by these companies Monday.

Of these 87 businesses, 72 reported profits equaling a total of 16.33 billion yuan during the period, while 15 suffered 1.37 billion yuan in total losses.

Experts claim that the transportation, non-ferrous metal and real estate industries will remain sluggish into the second half of 2012.

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