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Haitong Securities' net profit up 68% in Oct

Nov. 7, 2012 (China Knowledge) - Haitong Securities Co Ltd<600837><6837>, China's second-largest brokerage firm by total assets, has said its unconsolidated net profit reached RMB 161.4 million in October this year, up 68% YoY.

In a statement filed with Shanghai Stock Exchange, the company's unconsolidated operating revenue grew 6.2% from a year earlier to RMB 409.98 million in October.

At the end of last month, Haitong Securities had net assets of RMB 57.23 billion.

In the first nine month of this year, Haitong Securities reaped a net profit of RMB 415 million, 16% less in the same period of 2011. Basic earnings per share for the period were RMB 0.04, down 33.33% YoY.

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