20 January 2019

SOE 2013 net profit up 5.9% to 2.4 trn yuan, ministry says

State-owned enterprises (SOEs) posted a combined net profit of 2.4 trillion yuan (US$396.64 billion) in 2013, up 5.9 percent year on year, the Ministry of Finance said Tuesday. SOEs directly controlled by the central government saw their net profit increase 7.4 percent to 739.77 billion yuan. Transport, electronics, autos and housing construction were among the fastest growing sectors last year, the ministry said.

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