Mar. 22, 2012 (China Knowledge) - Everbright Securities Co<601788
>, a major brokerage firm in China, announced yesterday that its net profit fell 29.8% year on year to RMB 1.54 billion last year.
Earnings per share were RMB 0.45 last year. The company proposed a final dividend of RMB 2.62 per ten shares.
The securities firm realized RMB 4.50 billion in operating revenue last year, 10.99% less than in the previous year.
The company's brokerage business saw its net income reach RMB 1.81 billion and its transaction value hit RMB 2.31 trillion last year, with market share falling to 3.03% from 3.93% in 2010.
At the end of 2011, the company's total assets had decreased 27% from a year earlier to RMB 43.3 billion.