(MENAFN) China's oil firm Sinopec registered an increase of USD1.6 billion in profits in the year's first 11 months, Xinhua reported.
Vice chairman of the State-owned Assets Supervision and Administration Commission said that state-owned enterprises (SOEs) performed well in the period.
Profit by all of the country's SOEs is expected to hit USD212.5 billion this year.
The vice chairman said: "It's very difficult to obtain such results in the current complex and changeable domestic and international situation."
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