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Industrial Securities' profit down 48% in Oct

Nov. 7, 2012 (China Knowledge) - Industrial Securities Co<601377>, a mid-size brokerage based in Fuzhou, Fujian Province, has announced its net profit attributable to shareholders declined 48% YoY to RMB 15.87 million in October this year.

According to a statement filed with Shanghai Stock Exchange, the brokerage saw its operation revenue plunge 27.2% YoY to RMB 121 million last month.

The company earlier announced that in the first nine months of this year, it earned RMB 1.93 billion in operation revenue, up 7.43% YoY, while its net profit for the nine-month period rose 1.98% YoY to RMB 418 million.

As of the end of October 2012, CITIC Securities had unconsolidated net assets of RMB 8.36 billion..

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