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China's central SOEs see profits fall 13.6% MoM in Apr

May. 21, 2012 (China Knowledge) - The combined net profit of the state-owned enterprises centrally-administered by the State-owned Assets Supervision and Administration Commission of the State Council decreased 13.6% MoM to RMB 71.35 billion in April this year, according to statistics released by the SASAC.
In the first four months, these central SOEs saw their net profit amount to RMB 253.3 billion, reflecting a decline of 13.2% from the same period of 2011.

Central SOEs saw operating revenue increase 11.4% to RMB 6.77 trillion during the period from January to April.  
The centrally-administered SOEs paid RMB 695.49 billion in taxes, 24.5% more than that in the corresponding period of last year.

The Ministry of Finance said earlier that all Chinese SOEs reaped a gross profit of RMB 669.01 billion in total in the first four months, down 8.6% YoY.

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