Article: 34 A-SHARE COMPANIES TO SEE PROFIT GROWTH IN Q2


AsiaInfo Services
07-10-2009
34 A-share Companies to See Profit Growth in Q2

SHANGHAI, Jul 10, 2009 (SinoCast Daily Business Beat via COMTEX) -- 34 companies listed on the Chinese A-share market suffering losses in the first quarter of 2009 are estimated to make profits in the first half.

By July 9, 730 companies had released their 2009 interim financial forecasts on the Shanghai and Shenzhen stock exchanges. 229 predicted themselves to be profitable, including 22 reporting losses for Q1.

Xinjiang Tianshan Cement Co., Ltd. (SZSE: 000877) forecasted interim per-share basic earnings of CNY 0.45, compared to Q1's minus CNY 0.1089. Fujian Cement Inc. (SHSE: 600802) revised its interim profit ...

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