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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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