Highlights

Everbright Securities net profit down 32%

(chinadaily.com.cn)
Updated: 2010-08-16 13:30

Everbright Securities said Friday its net profit in the first six months of this year declined 31.97 percent to 829 million yuan, as commission fees from broker businesses and investment incomes fell from a year earlier.

Total revenue in the period was 1.95 billion yuan, a decline of 22 percent from a year ago. The earnings per share stood at 0.24 yuan, also down 42.86 percent year-on-year.

Everbright Securities attributed the slide of its net profit to the decline of commission fees and investment loss. Income from broker businesses declined 28 percent year-on-year, while profits fell 42 percent in the same period.

In addition, Everbright Securities suffered a loss of 297 million yuan from investment in the first half of 2010, when Chinese A-share market declined more than 20 percent.