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Article: CHINESE LISTED COMPANIES' PROFIT GROWTH BOLSTERS STOCK MARKET.
- Article from:
- AsiaPulse News
- Article date:
- February 14, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Feb 14 Asia Pulse - The robust profit rise of Chinese listed companies are giving strong support to the bullish stock market, latest figures show.
According to information provided by a leading provider of Chinese financial data known as WIND, the 120 listed companies that have already published annual reports are showing an average increase of 84.85 per cent in net profits last year.
The rise is an acceleration compared with the around 10-percent growth of listed companies in 2005. The high-speed growth is also rare in recent years.
The net profit of the 120 companies totaled 12.94 billion yuan (US$1.66 billion).
Meanwhile, ...