Guoyuan Securities Q1 profit up 32.3%

Published: 27 Apr 2009 17:20:43 PST

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Apr. 28, 2009 (China Knowledge) - Guoyuan Securities Co Ltd<000728> reported RMB 130 million in net profit attributable to its parent company in the first quarter of this year, up 32.30% from a year earlier, and basic earnings per share were RMB 0.089, according to a statement it released on Monday.

In the first three months, its operating income surged 23.40% to RMB 303 million. Operating profit soared 94.34% to RMB 165 million.

By the end of March, the securities firm's assets had hit RMB 13.8 billion, up 15.81% from a year earlier.

The company saw its revenue from the bond underwriting business reach RMB 20.97 million, about 700 times more than the revenue it recorded in the same period of last year.