July 19, 2013 / 10:07 AM / 4 years ago

China's CITIC Sec H1 net profit falls 6 pct-prelim results

SHANGHAI, July 19 (Reuters) - CITIC Securities Co Ltd , China’s biggest brokerage, posted a 6-percent fall in its first half net profit due to market volatility and the suspension of the local initial public offering market, the company said in a preliminary earnings report on Friday.

The net profit stood at 2.11 billion yuan ($343.58 million)for the January-June period, down from 2.25 billon yuan a year ago, it said. ($1 = 6.1413 Chinese yuan) (Reporting by Ruby Lian and Kazunori Takada)

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