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CHINA'S LISTED COMPANIES SEE PROFITS SOAR 64 PCT IN JAN-SEPT.

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

BEIJING, Nov 1 Asia Pulse - The combined net profits of China's listed companies leapt 64.18 per cent year-on-year in the first three quarters of 2007, China Securities Journal, a newspaper run by Xinhua News Agency, reported on Wednesday.

All 1,512 listed companies on the Shanghai and Shenzhen stock exchanges, except China Shenhua Energy Company (SEHK:1088, SSX:601088), have published their earnings for the period, the paper reported.

Together they earned 562.3 billion yuan (US$75 billion) in net profits. Their combined takings amounted to 5.76 trillion yuan, up 24.5 per cent compared with the same period last year.

The Industrial and Commercial Bank of China (SEHK:1398, SSX:601398), the country's largest commercial bank, reported net profit of 63.3 billion yuan, the highest of the 66 listed companies whose net profits surpassed one billion yuan.

China Construction Bank ...

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Source: HighBeam Research, CHINA'S LISTED COMPANIES SEE PROFITS SOAR 64 PCT IN JAN-SEPT.

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