China's chemical material and product sector's profit up 10.9% in Jan-Nov

China's chemical material and product manufacturing industry recorded a gross profit of RMB 342.17 billion in the first eleven months of 2013, reflecting a growth of 10.9% year on year, according to the latest data released by the National Bureau of Statistics.

Profit from core business increased 3.2% year on year to RMB 351.11 billion from Jan to Nov.

The industry saw its core business revenue rise 12.7% year on year to RMB 6.52 trillion in the eleven-month period.

In the first eleven months, the textile industry's value-added output grew 12.1% year on year.

The bureau also said that the chemical fiber sector realized RMB 20.63 billion in gross profit and RMB 657.49 billion in core business revenue in the period, reflecting a growth of 21.4% and 9.2% year on year, respectively.