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China's Guotai Junan Securities reports 25.22% YOY increase in H1 profit

Guotai Junan Securities Co. Ltd. reported a 25.22% year-over-year increase in net profit for the six months ended June 30.

The company said first-half profit attributable to equity holders increased to 5.02 billion yuan from 4.01 billion yuan in the prior-year period. EPS rose to 53 fen from 42 fen.

Fee and commission income grew to 6.20 billion yuan from 5.35 billion yuan in the six months ended June 2018. Interest income dropped to 5.93 billion yuan from 6.45 billion yuan in the year-ago period, while net investment gains climbed to 3.73 billion yuan from 2.33 billion yuan.

The company's total revenue for the period increased to 15.86 billion yuan from 14.13 billion yuan. Total expenses swelled to 11.59 billion yuan from 10.57 billion yuan.

As of Aug. 22, US$1 was equivalent to 7.08 Chinese yuan.