(Yicai Global) Nov. 27 -- China's state-owned and state-holding enterprises logged total profits of CNY2.94 trillion (USD billion) in the first 10 months, up 5.4 percent per year, but 1.2 percentage points lower than in the first nine months , data released on the official website of the Ministry of Finance today shows.

The net profit of China's state-owned enterprises was CNY1.31 trillion from January to October.

The MOF provided no comparative data on net profit, however.

Editor: Ben Armour