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Northeast Securities' H1 profit up 38.54%

Aug. 1, 2012 (China Knowledge) - Northeast Securities Co Ltd<000686>, a multi-line financial services firm serving institutional and individual clients, announced that its net profit attributable to shareholders increased 38.54% YoY to RMB 123.12 million in the first half of this year.

Basic earnings per share for the period were RMB 0.19, 35.71% more than it realized in the corresponding period of 2011.

In a statement, the Shenzhen-listed company said its operation revenue for the six months period hit US$610 million, reflecting a YoY increase of 5.52%.

The revenue from brokerage business declined 32.78% YoY to RMB 312.42 million, however, that from securities underwriting and sponsor business skyrocketed 568.97% from a year earlier to RMB 141.74 million.

The securities firm had RMB 12.72 billion in total asset as of Jun. 30, 2012, compared with RMB 12.53 billion it had at the end of last year.

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