01-09-2008, 10:20 AM
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Join Date: Jan 2007
Posts: 13,913
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Slower 1H profit growth for listed Chinese firms
The profit growth of China's listed companies dropped sharply in the first half, a result of economic slowdown and a weak domestic stock market.
China Securities News reported on Monday the sales revenue of the listed companies amounted to 5.65 trillion yuan (827.3 billion U.S. dollars) in the January-June period, a rise of 27.98 percent year on year. The net profit totaled 553.3 billion yuan, up 16.04 percent compared with a year-earlier growth rate of 70 percent.
The newspaper ...
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