|
BIZCHINA> Top Biz News
![]() |
|
Net profit of 814 listed companies down 5.96% in 2008
(Xinhua)
Updated: 2009-04-02 08:41 The 2008 net profit of 814 listed companies, which account for more than half of the total listed on Shanghai and Shenzhen stock exchanges, dropped 5.96 percent year on year.
Analysts said the 2008 net profit of all the 1,625 listed companies would be lower than the previous year, but their first quarter performance might be better than the last quarter of 2008. Zhang Gang, senior analyst at Southwest Securities, said the first quarter performance was "not good enough" compared with the same period of last year, but was better than the previous quarter. He attributed the improvement to cost reductions. Since the price of bulk commodities substantially decreased in the second half of last year, the costs of midstream and downstream processing enterprises had generally declined. Major companies that had posted their annual reports by Wednesday included China National Petroleum Corporation, Sinopec, Industrial and Commercial Bank of China, Bank of China, China Life Insurance and China Unicom. The net profit of these companies represented more than 55 percent of the total of listed companies. Despite a slight decrease in the interest rate margin, banks had seen a rapid growth in loan, which was also a reason for the improvement, Zhang said. However, some analysts said further information and observation were required before passing judgement on the first quarter performance of listed companies. (For more biz stories, please visit Industries)
|
|||||
瑞安市| 乾安县| 锦屏县| 巴东县| 三门县| 西畴县| 瑞昌市| 红河县| 伊金霍洛旗| 山西省| 大足县| 元朗区| 三明市| 渝北区| 视频| 兰溪市| 广南县| 天气| 洪泽县| 柳州市| 沙雅县| 清河县| 万安县| 弥勒县| 城步| 忻州市| 湘阴县| 定日县| 大埔区| 苏尼特左旗| 五莲县| 沅陵县| 通山县| 醴陵市| 淅川县| 重庆市| 南充市| 永福县| 远安县| 广丰县| 云和县|