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TABLE-China CITIC Securities 2007 net soars five-fold

Sun Mar 16, 2008 8:49pm EDT
 
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 SHANGHAI, March 17 (Reuters) - Year ended Dec. 31, 2007.
 (in millions of yuan unless stated, against 2006 figures):
                                   2007             2006
 Turnover                      30,871.11         5,990.85
 Net profit                    12,388.52         2,434.65
 Earnings per share (yuan)          4.01             0.89
 Assets per share   (yuan)         15.56             4.19
 Company: CITIC Securities Co. (600030.SS: Quote, Profile, Research, Stock Buzz) is an arm of
China's largest financial conglomerate, China International
Trust and Investment Corp (CITIC).
 Note: The company published audited results, compiled under
domestic accounting standards. It had already announced in
January that its net profit more than quintupled last year.
 Earnings were boosted in 2007 by a bull run in the stock
market, which nearly doubled the value of the main Shanghai stock
index .SSEC and more than tripled daily trading turnover.
 CITIC Securities said commission income rose 404 percent to
13.38 billion yuan ($1.89 billion), while income from stock
underwriting fees rose 132 percent to 1.86 billion yuan.
 The company warned that, for 2008, investment risks were
mounting as the impact of the U.S. subprime debt crisis on
China's economy and securities markets remained unclear.
 ($1=7.090 Yuan)
 (Reporting by Fang Yan and Edmund Klamann; Editing by Ken Wills)


 

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