Listed firms' total earnings drop
By Richard Fu |
00:00 UTC+8 November 1, 2012
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Print Edition
Print Edition
The combined net profit of 1.5 trillion yuan (US$240 billion) made by the 2,493 companies listed on Chinese mainland in the first three quarters fell by 2.07 percent annually, the China Securities Journal said.
The 15 listed banks contributed over half of the total earnings at 812.8 billion yuan, up 17 percent annually, the newspaper said, citing its own data.
Other outperforming sectors include food and beverage, which saw combined net profit jump 48.9 percent to 40.54 billion yuan, it said.
The ferrous metals sector was the worst performer with a net loss of 3.14 billion yuan.
The top loser was China COSCO Holdings Co at 6.4 billion yuan in the period.
The 15 listed banks contributed over half of the total earnings at 812.8 billion yuan, up 17 percent annually, the newspaper said, citing its own data.
Other outperforming sectors include food and beverage, which saw combined net profit jump 48.9 percent to 40.54 billion yuan, it said.
The ferrous metals sector was the worst performer with a net loss of 3.14 billion yuan.
The top loser was China COSCO Holdings Co at 6.4 billion yuan in the period.
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