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Article: CHANGJIANG SECURITIES Q1 NET FALLS 33.2%
- Article from:
- AsiaInfo Services
- Article date:
- April 29, 2009
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AsiaInfo Services
04-29-2009
Changjiang Securities Q1 Net Falls 33.2%
WUHAN, Apr 29, 2009 (SinoCast Daily Business Beat via COMTEX) -- Changjiang Securities Co., Ltd. (SZSE: 000783) said its net profit for the first quarter of 2009 fell 33.2 percent to CNY 227 million and turnover dropped 24.6 percent to CNY 533 million.
Decrease in incomes from brokerage and self-operate business was key reasons for the net profit drop. But its market share increased from a year ago, said Xu Jinwen, secretary of the broker.
The Wuhan-based securities company got net CNY 344 million brokerage commissions from agency stock trading in January through March, down 11.57 percent from a year ago. Net underwriting ...