SOE prof­its con­tinue their sharp de­cline

China Daily (Canada) - - BUSINESS -

Com­bined prof­its of State-owned en­ter­prises reached 652.26 bil­lion yuan ($98.8 bil­lion) in the first four months of the year, an 8.4 per­cent drop year-on-year, of­fi­cial data showed onWed­nes­day. The pace of de­cline, how­ever, eased from the fall of 13.8 per­cent reg­is­tered in the first three months, theMin­istry of Fi­nance said.

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