Ministry of Finance: total profit of state-owned enterprise reaches RMB824.75 billion from Jan to Apr 2017
2017-05-25 15:52:36 [Print]
According to news from Ministry of Finance, state-owned enterprises and state-controlled enterprises ran steadily from Jan to Apr 2017 and the total business income was RMB1
. 558 trillion, up by 17 . 5% YOY . The total profit was RMB824 . 75 billion, up by 24 . 8% YOY . Tax payable of state-owned enterprises was RMB134 million, up by 10 . 7% YOY . Coal, steel and non-ferrous industries continued to be profitable, but they lost money in the same period of last year; Growth rate of profits of petroleum and petrochemical industry was higher on year-on-year basis; while power industry’s profit decreased substantially on year-on-year basis.