Chinese central SOE profits up 19.4% in Q1

Xinhua | Updated: 2018-04-16 10:52

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A technician of China Guodian Corp checks facilities in Lanzhou, capital of Gansu province. [Photo/Xinhua]

BEIJING - China's central State-owned enterprises (SOEs) saw their net profits surge 19.4 percent in the first quarter of the year, China's top SOE regulator said Monday.

The total revenues of central SOEs increased by 8.7 percent year-on-year to 6.4 trillion yuan (about $1.02 trillion) in the first quarter.

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