2007 1st half earnings of PSE-listed firms up 41.4% at P148.75B
September 19, 2007
Combined earnings of domestic companies listed in the Philippine Stock Exchange (PSE) jumped 41.4% to P148.75 billion during the first half of the year, according to a PSE study.
The study was based on the unaudited financial statements of 229 listed companies, submitted to the PSE as of September 6, 2007. Those that submitted financial statements included firms that belong to the SME (small- and medium-sized enterprise) Board.
During the first half of the year, the PSEi, which is the local stock market's main barometer of stock price movements, went up by 22.7% from its level at the end of 2006.
The PSEi also went up by 42.3% last year, by 15% in 2005, by 26.4% in 2004 and by 41.6% in 2003.
The combined gross revenues of the listed companies also went up by 15.1% to P1.18 trillion during the first half of the year from P1.02 trillion a year earlier.
News Source: Philippine Stock Exchange