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CHINA: State-Owned Textile Firms Post 20.8% Profit Hike

2004-7-16

China''s State-owned textile companies have posted a 20.8 per cent hike in profits in the first five months of this year.

According to figures from the State Property Regulatory and Management Commission profits were 760 million yuan (US$91.8 million) during the period.

Goods delivered for export were worth 4.59 billion yuan, up 17 per cent.

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