April 26, 2018 / 3:43 AM / 3 months ago

China Q1 state-owned firms' profits up 16.7 pct y/y - state media

BEIJING, April 26 (Reuters) - China state-owned firms’ profits rose 16.7 percent in the first three months of 2018 to 711.04 billion yuan ($112.43 billion), comapred with the same period a year earlier, the state-owned Securities Times reported on Thursday.

$1 = 6.3243 Chinese yuan renminbi Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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