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SHAREMARKET MAKES UP 30% OF CHINESE LISTED COS' JAN-SEPT PROFIT.(Financial report)

AsiaPulse News

| November 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SHANGHAI, Nov 1 Asia Pulse - China's still bullish stock market contributed 170 billion yuan (US$22.75 billion) of investment profit to the country's listed companies in the first three quarters of the year, making up about 30 per cent of the latter's total profit in the period.

According to Wind data, by October 30, 1,337 companies listed in Shanghai and Shenzhen have published their Q3 reports and realized a total net profit of 467.4 billion yuan in the first three quarters. Over the nine months, these companies gained 162.6 billion yuan from stock investments, including 17.5 billion yuan from investments in affiliated or cooperative companies.

Most of the gains came from listed companies' selling non-public shares on the secondary market, where average price earnings ratio is ...

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Source: HighBeam Research, SHAREMARKET MAKES UP 30% OF CHINESE LISTED COS' JAN-SEPT...

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