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Business trends

Asian companies rack up strongest post-Lehman profit gains

Led by China, region is home to 80% of businesses notching 10-fold increases

Tencent is among 225 Chinese companies logging more than 10-fold profit growth since the global financial crisis.   © Reuters

TOKYO -- Corporations based in Asia have reported many of the sharpest increases in net profit since the 2008 global financial crisis, with technology companies, consumer goods manufacturers and drugmakers driving the growth.

The region is home to roughly 80% of 560 listed nonfinancial companies around the world whose net profit grew by at least a factor of 10 compared with before the collapse of Lehman Brothers, according to a Nikkei tabulation of six-month earnings data from QUICK-FactSet.

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