SHANGHAI, April 25 CITIC Securities Co
, China's biggest brokerage, posted a 13
percent rise in first-quarter earnings on higher trading
Net profit in January through March rose to 975.3 million
yuan ($157.9 million) from 863.3 million a year earlier, the
company said in an exchange filing on Thursday.
CITIC Securities benefited from an increase in trading as a
rebound in share prices attracted more investors back to the
According to the company's monthly financial reports, net
profit had been predicted to rise 15 percent during the quarter.
($1 = 6.1781 Chinese yuan)
(Reporting by Samuel Shen and Kazunori Takada; Editing by David