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Agricultural Development Bank of China
Economy

Profits, revenues of Chinese SOEs continue to rise in August

September 23, 2020


Abstract : Profits and revenues of China's state-owned enterprises (SOEs) and state-controlled firms continued to post year-on-year growth in August, the Ministry of Finance said Wednesday.

BEIJING, Sept. 23 (Xinhua) -- Profits and revenues of China's state-owned enterprises (SOEs) and state-controlled firms continued to post year-on-year growth in August, the Ministry of Finance said Wednesday.

Total profits rose by 23.2 percent last month from the same period last year, while after-tax net profits jumped 25.8 percent year on year, according to a statement posted on the ministry's website.

Revenues increased by 6 percent year-on-year, compared with a 2.7-percent increase registered in July.  Enditem


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