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CHINA> National
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Decline slows in profits of China's central SOEs
(Xinhua)
Updated: 2009-08-25 21:16 BEIJING: Profits of companies controlled by China's central government continued to fall in the first seven months, but at a slower pace, the state-owned enterprise (SOE) watchdog said Tuesday.
The decline was 5.3 percentage points lower than the January-June figure, according to the State-owned Assets Supervision and Administration Commission (SASAC). The profits for July alone were 80.98 billion yuan, a rise of 7.7 percent from June. Sales revenue in the first seven months fell 6.2 percent from the same period a year ago to 6.39 trillion yuan. The decrease was 0.1 percentage points lower than the first half. |
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