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Article: HUATAI SECURITIES EARNS CNY808MN NET PROFITS IN 2006

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AsiaInfo Services
Article date:
January 22, 2007
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AsiaInfo Services
01-22-2007
Huatai Securities Earns CNY808mn Net Profits in 2006

JIANGSU, Jan 22, 2007 (SinoCast via COMTEX) -- Haitai Securities Co., Ltd. earned profits of CNY 1.129 billion in 2006, including CNY 808 million net profits, according to its annual report.

The firm achieved operating revenues of CNY 1.98 billion and its income from proprietary trading were high to CNY 532 million.

The commission incomes got to CNY 1.108 billion, taking 56 of the operating revenues.

The company has acquired United Securities Co., Ltd. and 48 business offices of Shanghai-based Asia Securities Co., Ltd. in the recent years.

In August 2006, Huatai Securities built up a branch in ...

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