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Listed firms' H1 profit rises 41%

09-01-2010 08:54 BJT

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Most of China's listed companies posted strong profit growth amid market fluctuations in the first half. Of the 1947 companies listed on the Shanghai and Shenzhen stock exchanges, 1,700 made profits while just 247 firms posted losses. This was reported in the markets' half-year report disclosures.

The combined net profits of listed companies totaled nearly 800 billion yuan, during the first six months of this year. That's an increase of 40 percent from a year ago. The combined profits of 50 companies that make up the benchmark Shanghai Composite Index was 550 billion yuan. That's 70 percent of the markets' total.

Analysts say the growth of the profits is likely to slow in the second half due to economic uncertainty. So the biggest surge is expected to occur in the middle of the year.

Editor:Xiong Qu |Source: CNTV.CN

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