Microeconomy: Central SOEs profit up 18.9%

(Xinhua)
Updated: 2006-12-19 10:59

China's 161 central State-owned enterprises (SOE) made a profit of 688.77 billion yuan (88.2 billion US dollars) from January to November this year, up 18.9 percent year on year.

The total profit of central SOEs is expected to reach 720 billion yuan (92.3 billion US dollars) in 2006, Li Rongrong, director of the State-owned Assets Supervision and Administration Commission, said at a press conference Tuesday.


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