Date
19 October 2017

Industrial profit up 15.1% in Oct, Xinhua says

China’s industrial firms saw their profits rise 15.1 percent year on year in October, slowing from an 18.4 percent growth in the previous month, the official Xinhua news agency reported Thursday, citing data from the National Bureau of Statistics (NBS). The combined profit of industrial companies with annual revenue of more than 20 million yuan (US$3.3 million) reached 581 billion yuan in October, the bureau said in a statement. For the first 10 months, their combined profit rose 13.7 percent to 4.63 trillion yuan from the same period in 2012, accelerating from a 13.5 percent increase in the first nine months. Among the 41 industries surveyed, 35 posted year-on-year profit growth during the January-October period, five recorded profit declines, while oil refining, coking and nuclear fuel processing sectors turned losses into gains, the NBS said. Private businesses led the growth, with their combined profit up 17.5 percent year on year in the first 10 months, while profits at state-run enterprises grew 9.1 percent, the report said.

– Contact HKEJ [email protected]

SK/CG

 

 

China’s industrial profit up 15.1 pct in October

Xinhua, Nov 28

Chinese industrial businesses saw their profits rise 15.1 percent year on year in October, slowing from 18.4 percent in September, official data showed on Thursday.

Total profits of industrial companies with annual revenues of more than 20 million yuan (3.3 million U.S. dollars) reached 581 billion yuan in October, the National Bureau of Statistics (NBS) said in a statement.

In the first 10 months, their profits rose 13.7 percent from the same period last year to 4.63 trillion yuan, accelerating from 13.5 percent in the first nine months.

Among the 41 industries surveyed, 35 posted year-on-year profit growth during the January-October period, 5 saw their profit decline, while the oil refining, coking and nuclear fuel processing sector turned losses into gains, the NBS said.

In a breakdown, private businesses led the growth, with their combined profits up 17.5 percent year on year in the first 10 months, while state-run enterprises saw profits up 9.1 percent during the period.

– Contact HKEJ [email protected]

SK

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