Article: SOUTHWEST SECURITIES Q1 NET PROFITS SOARED 146.7%


AsiaInfo Services
04-24-2009
Southwest Securities Q1 Net Profits Soared 146.7%

SHANGHAI, Apr 24, 2009 (SinoCast Daily Business Beat via COMTEX) -- Southwest Securities Co., Ltd. (SHSE: 600369) reaped net profits of CNY 220 million in the first quarter of 2009, rocketing 146.7% from a year earlier, says the securities firm on April 24 in its financial report.

Underlying earnings per share stood at CNY 0.12. Investment income and income from fair value changes separately flew 173.44% and 302.29% year on year to CNY 106 million and CNY 108 million, thanks to the rebound in the securities market at the beginning of the year.

As of March 31, 2009, total assets and net assets per share had ...

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