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Sept industrial profits up 0.4%

Updated: Oct 28,2014 10:42 AM     Xinhua

BEIJING -- Profits of Chinese industrial businesses hit 563.39 billion yuan in September, up 0.4 percent year-on-year, official data showed on Oct 28.

The profits decreased 0.6 percent in August and rose 13.5 percent in July year-on-year.

Total profits of industrial companies during the first nine months reached 4.37 trillion yuan, up 7.9 percent year-on-year. However, the growth rate decelerated by 2.1 percentage points from the January-August period, according to the National Bureau of Statistics.