Profits up again for mainland factories

The mainland's manufacturing sector last month recorded year-on-year growth in monthly profits for the second time this year, as a turnaround seen in September gained momentum.

Profits of companies with yearly sales of at least 20 million yuan (HK$24 million) grew 20.5 per cent year-on-year in October to 500.1 billion yuan, the National Bureau of Statistics said yesterday. This accelerated from growth of 7.7 per cent in September - the first gain in six months.

via Business feed http://www.scmp.com/business/china-business/article/1092556/profits-again-mainland-factories