Upbeat Firms Forecast Increasing Profits
Source: Xinhua |
August 23, 2011, Tuesday
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Print Edition
Print Edition
MOST listed Chinese companies have forecasted growing profits in the first three quarters of this year despite growing concerns over a global economic downturn, according to Wind Information, a Shanghai-based financial data provider.
Of 510 listed companies that have issued earnings forecasts for the first three quarters, 402 said they will stay in the black and 312 expect profits to grow from the previous year, accounting for 78.8 percent and 61.2 percent of the total respectively.
Nearly 60 firms predicted they may double their earnings in the January to September period after robust performances during the first half.
Of 510 listed companies that have issued earnings forecasts for the first three quarters, 402 said they will stay in the black and 312 expect profits to grow from the previous year, accounting for 78.8 percent and 61.2 percent of the total respectively.
Nearly 60 firms predicted they may double their earnings in the January to September period after robust performances during the first half.
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