Beijing, Oct 27 (IANS): Profits of China's major industrial firms fell 0.1 percent year-on-year in September, narrowing from 8.8-percent decline posted in August, authorities said on Tuesday.
According to the National Bureau of Statistics, profits at industrial companies with annual revenues of more than 20 million yuan (about $3.1 million) totaled 535.8 billion yuan in September, reported Xinhua.
Industrial profits of these firms in the first nine months dropped 1.7 percent year-on-year to around 4.3 trillion yuan, the NBS said. The decline narrowed from the 1.9-percent decrease registered in the January-August period.