Profit Slide at Central-owned Firms Eases
Published:
2009-07-22
The slide in revenue and profits at the SOE controlled by the central goverment had been curbed, said Li Rongrong, director of SASAC. In the first half, central-owned firms achieved some 316 billion yuan in profit, down 26.2% from a year earlier. However, the decrease in the second quarter was 15.6% lower than that experienced in the first quarter.
Source
The Beijing News
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