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Boom year for CITIC Securities

(Xinhua)
Updated: 2007-01-18 16:30

CITIC Securities Co, China's biggest listed broker, said yesterday its 2006 profit soared more than 450 percent from a year before.

The Beijing-based securities firm is scheduled to unveil its 2006 financial statement on March 16. It posted a net income of 400 million yuan (US$51.2 million) for 2005.

CITIC Securities, owned by State-run CITIC Group, logged a net profit of 317.3 million yuan in the third quarter of 2006, up 428 percent from the same period a year ago.


(For more biz stories, please visit Industry Updates)



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