April 26, 2018 / 3:53 AM / 25 days ago

China first-quarter state-owned firms' profits up 16.7 percent year-on-year - state media

BEIJING (Reuters) - China state-owned firms’ profits rose 16.7 percent in the first three months of 2018 to 711.04 billion yuan (80.62 billion pounds), compared with the same period a year earlier, the state-owned Securities Times reported on Thursday.

Buildings are seen in Beijing's central business area, China, April 1, 2018. REUTERS/Jason Lee

Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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