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CITIC Securities Q3 profit rises YOY to 3B yuan

CITIC Securities Co. Ltd. posted a year-over-year increase in net profit for the third quarter ended Sept. 30, as investment income surged.

The group's net profit attributable to owners increased to 3 billion yuan, or 24 fen per share, from 2.70 billion yuan, or 23 fen per share, in the prior-year quarter.

Net fee and commission income fell to 4.83 billion yuan from 5.04 billion yuan. Net interest income dropped to 657.6 million yuan from 736.6 million yuan. Meanwhile, investment income jumped year over year to 3.12 billion yuan from 1.15 billion yuan.

Operating revenue for the quarter rose to 9.81 billion yuan from 8.88 billion yuan.

For the nine months ended Sept. 30, the group's net profit attributable to owners declined year over year to 7.93 billion yuan from 7.94 billion yuan. EPS for the period fell to 65 fen from 66 fen.

As of Oct. 27, US$1 was equivalent to 6.65 Chinese yuan.