Franc shrinking investment income in the first quarter, its shares down 60% of net pre-

 Franc group net profit of stock investment returns in the first quarter pre-shrunk down 60%
2008  04 09  02:20 First Financial Daily
A turbulent stock market has affected the earnings of listed companies in the first quarter. Yesterday, Livzon Pharmaceutical Group Co., Ltd. (000513.SZ, the improve the situation, the decline in equity investment income is making its net profit fell by 60.36%.
notice results show that first-quarter operating income of Livzon 5.24 billion, up 34.19% year on year, operating profit for the 67.17 million yuan, rose 6.27%, but the impact of stock market volatility has made the fair value of the first quarter of Lizhu Group loss for the -5385 million, down by 213.42 percent, which directly led to the decline in consolidated net profit.
Franc Group 2007 annual report, the end of last year, its total investment in the Chenming Paper (15.39,0.71,4.84%, right), Shenzhen International, Country Garden, etc., of the 10 listed companies, and holds Bank (10.62, -0.25, -2.30%, right), Nanjing Medical (10.75, -0.45, -4.02%, right), Huadong Medicine (15.50,0.17,1.11%, right) and other three shares of listed companies. In addition to Country Garden and China Petroleum (17.80, -0.40, -2.20%, right) H shares turned negative during the reporting period the profit and loss, the rest have a good income.
bull market last year was a positive factor, Lizhu Group ownership of listed companies reached 508 million yuan net profit, up 231.31 percent year on year, of which changes in fair value securities gains and increased revenue 209 million yuan, an increase of 164.8%.
last year Livzon trading financial assets reached 4.48 billion, up 279 million yuan beginning of the year, the rate of increase of 166.19%, which are caused by the securities investment.
investment income for the decline in the stock yesterday, Lizhu Group Deputy General Manager Lee as fishes Financial Daily still in good posture, and no deviation from relying mainly on investment income and the main business of the phenomenon. Guo Ailin
Sina statement: This story is purely personal point of view of, only for investors and does not constitute investment advice. Investors Accordingly operate your own risk.