China's industrial profits up 23.3 pct in first ten months

A staff worker works at the assembly line at the factory of Anqing branch of Anhui Jianghuai Automobile Group Corp., Ltd. in Anqing City, east China's Anhui Province, Oct. 30, 2017. (Xinhua file photo/Jiang Sheng)

BEIJING, Nov. 27 (Xinhua) -- China's major industrial firms saw stronger profit growth in the first ten months of this year, the National Bureau of Statistics(NBS) said Monday.

The companies reported a 23.3 percent year-on-year profit increase in the ten-month period, up from 22.8 percent in the first three quarters, the NBS said in a statement.

In October alone, profits of major industrial firms rose 25.1 percent year on year, it said.