Everbright Securities 2012 profit down 33.84%

BEIJING - Net profit of the Everbright Securities went down 33.84 percent year-on-year to 1.02 billion yuan ($163 million) in 2012, the company said in a latest report.

Everbright Securities attributed the drop to the sharp declines of earnings from its brokerage and investment banking businesses, according to its flash report filed with the Shanghai Stock Exchange.

Business revenue shed 20 percent from the 2011 level to 3.6 billion yuan, and earnings per share came in at 0.2989 yuan, down 33.84 percent year-on-year.

Shares of the company climbed 2.97 percent from the previous trading day to 13.88 yuan on the Shanghai market Friday.

The company plans to release the detailed yearly report on March 26.

Related Readings

Everbright Securities says profits down 27%

Everbright Securities may raise up to 11b yuan in float