Guotai Jun'an profit rises
(China Daily)
Updated: 2007-07-20 08:47
Updated: 2007-07-20 08:47
Guotai Jun'an Securities Co, China's second-largest brokerage by assets, posted a fivefold gain in profit in the first half of this year, boosted by a rise in trading volumes in a booming stock market.
Net income at the Shanghai-based brokerage rose to 3.92 billion yuan, from 702 million yuan a year earlier, according to Bloomberg. Guotai Junan made 4.73 billion yuan, or 71 percent of its revenue, from selling and buying stocks for clients.
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