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Over 60% firms report profit growth in Q1

CCTV.com

04-29-2016 16:22 BJT

Q1 earnings season wraps up this week. Among the more than 2,100 firms that have reported so far, more than 60 percent posted net profit growth, with some 360 companies’ profits growth doubling in the first quarter. 

Breaking it down by industry, the winners—those with most profit growth, were coal mining, agriculture, defense, non-ferrous metals and electric equipment. Steel, telecom, construction materials, non-banking financial services and transport performed the worst.

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