CITIC Securities Profit Jumps 70 Percent
China CITIC Securities posted a 70 percent jump in first-half net profit to 23.34 billion yuan. Higher brokerage and investment banking fees drove the growth amid a resilient domestic stock market.
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CITIC SECURITIES CO LTD-H posted a first-half net profit of 23.34 billion yuan ($3.47 billion), jumping 70% year-on-year on robust trading activity. The result topped the 19.57 billion yuan mean estimate from analysts. Strong retail brokerage and underwriting fees drove the earnings beat across China's domestic markets.
