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CITIC Securities earns RMB 442 mln profit in May

Jun. 7, 2012 (China Knowledge) - CITIC Securities Co<600030>, China's largest listed brokerage firm, announced yesterday that it recorded RMB 442 million in unconsolidated net profit in May this year, 16.9% more than in the previous month.

The company's unconsolidated operating revenue was RMB 936 million in last month, up 15.6% MoM.

CITIC (Zhejiang) Co made a net profit of RMB 13.90 million last month, and CITIC Wantong Securities Co, which is 91.4% held by CITIC Securities, booked a net profit of RMB 14.02 million.

As of the end of May, CITIC Securities had unconsolidated net assets of RMB 75.82 billion.

The securities firm said earlier that that its net profit plunged 36.39% YoY to RMB 863 million in the first quarter of this year.

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