May. 8, 2012 (China Knowledge) - GF Securities Co Ltd<000776>, a major brokerage firm in China, has posted RMB 219 million-net profit for last month, reflecting a year-on-year decline of 3.1% or a sequential plunge of 42%.
Operating revenue for April totaled RMB 577 million, up 1.9% from a year earlier but down 31% month on month.
During the period from January to April, the Shenzhen-listed
firm saw its net profit decrease 6.6% from a year earlier to RMB 825 million, while its operating revenue amounted to RMB 2.22 billion, climbing 0.2% year on year.
As of Apr.30, 2012, the security company had RMB 33.21 billion in net asset, 1.06% more than the end of March.
According to GF Securities' fiscal report for 2011, the firm's net profit attributable to shareholders reached RMB 2.06 billion, down 48.75% from a year earlier, with basic earnings per share of RMB 0.78. The firm's operating revenue totaled RMB 5.95 billion last year, down 41.82% year on year.