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More listed firms profitable in Q2

(chinadal=ily.com.cn)
Updated: 2009-08-24 16:31

1,057 companies listed on Chinese stock markets have released interim reports as of August 22, the Shanghai Securities News reported today.

Related readings:  Sinopec's net profit up 332.8% in H1  Gome H1 profit declines 49.6%  879 listed companies see H1 profits down 18%  Bank of Communications H1 profit beats estimates  AirMedia reports Q2 loss of $7m

Their total net profits were 249.51 billion yuan, or an average of 0.19 yuan per share. That is a 10.69 percent year-on-year decrease.

852 of the firms reported in profits in the first half of the year, while the remaining 205 - or 19.39 percent - reported losses.

In the first quarter of this year, 25.29 percent of 1,048 firms releasing reports made a loss.

Currently, there are 867 firms listed on the Shanghai Stock Exchange, and 742 listed on the Shenzhen Stock Exchange.