Quarterly earnings growth augurs well for A-share firms

Aggregate profit in Q1 grows by 9.4% to $147.6b, underlining economic vitality

Improved earnings of companies listed on mainland bourses during the first quarter of the year augur well for the full-year financial results and are an indication of the vitality the Chinese economy, analysts said.

During the January to March period, aggregate profits of A-share companies topped 1 trillion yuan ($147.6 billion) and grew 9.4 percent year-on-year, reversing a full-year decline of 1.9 percent last year, data from Shanghai-based information provider Wind Info showed.