Majority of mainland listed firms report earnings slump
By Gao Changxin in Shanghai | China Daily | Updated: 2012-07-13 07:39
More than half of the mainland's public companies reported lower earnings or losses in the first half, underscoring the challenges facing the economy.
But analysts say the earnings outlook will improve in the second half, as pro-growth monetary and fiscal policies take effect.
A total of 1,070 companies had released first-half results by Monday. Only 448 of them expected earnings to increase, according to data compiled by Financial China Information & Technology Co Ltd.
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