China's Centrally Administered SOEs' Net Profits Jump 30.2% in Jan.-Feb.

The cumulative business revenue of China's centrally-administered state-owned enterprises (SOEs) rose 27.4% to 2.7692 trillion Yuan in the first two months of this year, according to the statistics released by the State-owned Assets Supervision and Administration Commission (SASAC) on March 22, 2011. The taxes were payable increased by 32.5% with a total amount of 277.14 billion Yuan. The net profits reached 131.94 billion Yuan, up 30.2% year on year, while the net profits of the parent companies were 87.95 billion Yuan, up 32.4%.

Source: Xinhua News Agency

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