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Profits of central SOEs down 13.7% in Jan-Sept

(Xinhua)
Updated: 2009-10-24 11:16

Profits of China's 135 central-administered State-owned enterprises (SOEs) fell 13.7 percent in the first nine months from the same period a year ago, according to the State-owned Assets Supervision and Administration Commission.

Related readings:  SOE revenues down 3.5% in Jan-Aug  SOEs see Jan-Sept profits down 17.6%  Vice premier asks SOEs to promote reform, innovation

The profits totaled 551.96 billion yuan ($81.17 billion) in the January-September period. The decline rate was 2.7 percentage points lower than that for the first eight months.

Their business revenue was 8.67 trillion yuan, down 2.9 percent year-on-year, 1.7 percentage points lower than that for the first eight months.

The enterprises paid taxes of 804.65 billion yuan, up 5.3 percent year-on-year.