CITIC Securities reports surging net profit in 2019

0 Comment(s)Print E-mail Xinhua, January 14, 2020
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BEIJING, Jan. 14 (Xinhua) -- CITIC Securities, one of China's leading brokerage firms, reported rising net profit in 2019 in its preliminary earnings estimate.

Net profits for the parent company increased by 30.86 percent year on year to 12.29 billion yuan (about 1.8 billion U.S. dollars) last year, according to a statement the company filed with the Shanghai Stock Exchange.

Operating revenue stood at 43.18 billion yuan in 2019, up 16 percent from a year ago, the statement showed.

The company's revenue from both asset management and securities investment kept rising, said the statement.

CITIC Securities shares lost 1.58 percent to close at 25.56 yuan per share on the Shanghai Stock Exchange Tuesday. Enditem

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