News Column

Northeast Securities H1 Net Up 7.8%

August 21, 2014

BEIJING, August 21, SinoCast -- Northeast Securities (SZSE: 000686) recorded net profits of CNY 332 million in the first half of this year, growing 7.81% over a year earlier, and earnings per share were CNY 0.17.

Operating revenue hit CNY 1.083 billion, growing 14.84%, benefiting from a large year-on-year growth in the revenue from credit trade business and investment banking.

In the reporting period, the company's brokerage business ran stably as trading volume of A-share and B-share stocks totaled CNY 326.86 billion, growing 7.23% over a year earlier.

By the end of the reporting period, the balance of margin trading and short selling reached CNY 3.525 billion, growing 50.73% over the end of 2013; interest and fee revenue reached CNY 122 million.

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Source: Sinocast Investing & Securities Beat (China)

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