Central SOE’s Profit Growth in First Three Quarters Hit Highest Level Since 2012, SASAC Says

Central SOE’s Profit Growth in First Three Quarters Hit Highest Level Since 2012, SASAC Says

Xu Wei

Date: Thu, 10/12/2017 - 20:13 / source:Yicai
Central SOE’s Profit Growth in First Three Quarters Hit Highest Level Since 2012, SASAC Says
Central SOE’s Profit Growth in First Three Quarters Hit Highest Level Since 2012, SASAC Says

(Yicai Global) Oct. 12 -- China’s central state-owned enterprises saw total profits increase 18.4 percent annually to CNY1.11 trillion (USD168.3 billion) in the first three quarters of this year, representing the highest level of growth since 2012, the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) said at a press briefing today.

Profit growth rates at the companies during the period increased successively each quarter, by 16.4 percent, 17.3 percent and 18.4 percent, respectively.

Central enterprises accumulated total revenues of CNY19.1 trillion in first three quarters, up by 15.4 percent compared with last year.

Follow Yicai Global on

Keywords: SASAC, Central Enterprises, SOEs, PROFIT