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1st LD: China's industrial profits up 2.6 pct in April

Xinhua, May 27, 2015 Adjust font size:

Profits of Chinese industrial businesses rose 2.6 percent year on year to 479.5 billion yuan (78.3 billion U.S. dollars) in April, official data showed on Wednesday.

The increase reversed the 0.4 percent dip in March, according to the National Bureau of Statistics (NBS).

In the first four months, industrial profits shrank by 1.3 percent to 1.73 trillion yuan, narrowed from the 2.7 percent drop in the first quarter.

The bureau's calculations include companies with annual revenues exceeding 20 million yuan.

NBS statistician He Ping attributed the improvement in the first four months to the growth of industrial production and sales, higher investment returns in industrial businesses and a fall in operating costs. Endit