Profit Set to Decline Among China-Listed Companies

After a first-half jump, corporate profit in China is set to decline in the second half of the year brought about tightened monetary policies, reports the South China Morning Post.

 

Quoting the Shanghai Securities News, the Post notes that 264 companies listed on the Shanghai or Shenzhen stock exchange reported combined net profits of 22.8 billion yuan, up 50% from the same period a year ago.

 

"Companies won't be able to sustain the profit growth in the second half because of the bleak economic outlook," Chen Wei, an analyst with Wind Information, told the Post. Wei adds that the first-half profit jump was just a result of the low base a year ago.
 

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