Listed firms may see im­proved prof­itabil­ity

China Daily (Canada) - - BUSINESS -

A ma­jor­ity of the firms listed in China are an­tic­i­pat­ing bet­ter prof­itabil­ity this year on the back of the coun­try’s sta­ble eco­nomic devel­op­ment. Of the 1,218 listed com­pa­nies that have re­leased their ad­vance 2018 fi­nan­cial re­ports, 781 are ex­pect­ing higher net prof­its or the turn­ing of losses into gains, the Shang­hai Se­cu­ri­ties News said. Profit growth of 344 com­pa­nies is ex­pected to ex­ceed 50 per­cent, while 170 com­pa­nies pre­dicted their 2018 net prof­its will be more than dou­ble that of 2017. The news­pa­per said im­prove­ments were caused by fac­tors like strong per­for­mance of pri­mary busi­nesses, re­struc­tur­ing and ex­tra­or­di­nary items.

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