Broker profit slumps

March 11, 2009, Wednesday |

Print Edition

PROFIT at Changjiang Securities Co slumped 70.32 percent last year, dragged by the sluggish stock market. The broker's net income fell to 702 million yuan last year, or 0.42 yuan a share, while its revenue dropped 58.22 percent to 2.07 billion yuan, it said in a statement to the Shenzhen Stock Exchange yesterday.

Its revenue from broking business dived 38.79 percent to 135 million yuan, and proprietary trading revenue tumbled 78.82 percent to 55 million yuan.

Finance

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Broker profit slumps

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