CITIC’s July net down 37%
Source: Xinhua |
August 7, 2015, Friday
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Print Edition
Print Edition
CITIC Securities, China’s largest securities brokerage, said yesterday that its July net profit fell 36.8 percent month on month to 1.5 billion yuan (US$241.6 million).
The company’s revenue for the month dropped 20.2 percent from June to 3.6 billion yuan.
Other securities companies, including Haitong Securities and Founder Securities, said that their revenues and profit also fell in July.
The declines were probably the result of volatility in the stock market.
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