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Chinese listed securities firms' profit down 6.62% in Jan-Sep

Nov. 2, 2012 (China Knowledge) - The nineteen Chinese listed brokerage companies reaped a combined net profit of RMB 14.46 billion in the first nine months of this year, 6.62% less than in the same period of last year.

The 19 securities firms saw its operating revenue edge down 0.8% from a year earlier to RMB 46.82 billion during the nine-month period.

A total of eleven listed brokerage companies saw their operation revenue increased in the first nine months, accounted for nearly 60%, while ten listed brokerage saw their net profit reflect a YoY growth during the period.

Northeast Securities Co Ltd<000686> saw its net profit for the first three quarter of this year reach RMB 143 million, compared with a net loss of RMB 18.05 it suffered in the corresponding period of 2011. However, the Pacific Securities Co Ltd<601099> said its net profit plunge 93.3% YoY to RMB 8.17 million during the nine-month period.

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