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Listed firms net profits surge 50% in H1

08-03-2010 08:55 BJT

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Mid-term reports for more than 260 of China's listed companies, show their overall net profits were up around 50 percent year-on-year in the first half of 2010.

Net profits for those companies have totaled around 23 billion yuan. Trade volumes for listed companies in Shanghai and Shenzhen exceeded 267 billion yuan from January to June. It rallied up around 36 percent year-on-year. Affected by seasonal factors, the second quarter profitability of those listed companies was also restored, achieving a 27 percent increase compared with last quarter.

The mid-term figures prompted higher expectations for the market. But analysts say the data can't reflect the whole picture, since many large scale enterprises haven't yet disclosed their report.

Editor:Xiong Qu |Source: CNTV.CN

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