BEIJING (Reuters) – Net profits of centrally-owned state firms in China reached 1.75 trillion yuan ($274.52 billion) in the January-November period, the state asset regulator said on Saturday, according to state media.
Total profits of these state firms were at 2.3 trillion yuan in the first 11 months of the year, with significant profitability improvement seen in oil, steel and coal sectors, according to an official with the regulator, China Securities Journal reported.
($1 = 6.3748 Chinese yuan renminbi)
(Reporting by Liangping Gao and Ryan Woo; Editing by Mark Heinrich)
