China-listed companies report slower first-quarter earnings as raw-materials costs bite while outlook remains grim

//China-listed companies report slower first-quarter earnings as raw-materials costs bite while outlook remains grim

China-listed companies report slower first-quarter earnings as raw-materials costs bite while outlook remains grim

Profits for Shanghai and Shenzhen-listed companies rose 4.1 per cent year on year, a significant slowdown from 18.4 per cent full-year growth in 2021. Brokerages forecast that earnings will continue to worsen this quarter.

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2022-05-05T07:32:11+00:00 May 5th, 2022|Business|Comments Off on China-listed companies report slower first-quarter earnings as raw-materials costs bite while outlook remains grim