Asia drives global corporate earnings to pre-pandemic levels

China's rebound and electronics boom fuel growth in October-December quarter

Profit climbed 40% at Chinese enterprises, with a 70% surge for Asian companies outside of China and Japan, according to QUICK-FactSet data. (Source photos by Reuters)

Nikkei staff writers

February 10, 2021 10:59 JST

TOKYO -- Quarterly earnings at major global corporations have outpaced the year-earlier level for the first time since the pandemic began, with Asian businesses leading the rebound.

Combined net profit reached $712.7 billion during the October-December period, up 14% from a year earlier, according to QUICK-FactSet data covering more than 10,000 companies. This marks the first improvement in four quarters.