Shanghai industrial firms' Q1 profit up 42.3 pct yr-on-yr

SHANGHAI (AFX-ASIA) - Shanghai's industrial companies earned a combined profit of 11.8 bln yuan in the three months to March, up 42.3 pct from a year earlier, the Shanghai Statistics Bureau said.

	    The companies achieved sales of 206.8 bln yuan during the three months, up 18.7 pct from a year earlier.

	    The city's state-owned industrial companies achieved a combined profit of 6.28 bln yuan, up 30.8 pct from a year earlier.

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