Earnings forecasts of listed companies on the Shanghai and Shenzhen bourses suggest that over 60 percent are poised to post upbeat results for the first three quarters, Shanghai Securities News reported Monday. By Sept. 30, 826 listed companies in the two bourses had unveiled their earnings forecasts for the first three quarters, and 61.74 percent announced good news. Of the 510 well-performing companies, 484 have forecasted earnings growth compared to the same period last year, while 26 companies managed to get out of the red. Despite the general upward trend in profits in the first nine months, quarter-on-quarter growth slacked. Net earnings of these companies in the third quarter edged up 0.39 percent over the previous quarter, much lower than the 33.6 percent quarter-on-quarter growth posted in the second quarter. Real estate and non-ferrous metals led the quarterly decline, down 45.5 percent and 35.03 percent, respectively. The listed companies are expected to release their quarterly reports from Oct. 11 to Oct. 31.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit IndonesiaMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor