Guotai Junan's H1 Profit Falls 13% on Lower Revenue; Shanghai Shares Rise 4%

MT Newswires Live08-30

Guotai Junan Securities' (HKG:2611, SHA:601211) attributable profit fell 13% to 5.02 billion yuan in the first half from 5.74 billion yuan in the year-ago period, according to a Thursday filing with the Hong Kong Stock Exchange.

Earnings per share at the securities brokerage decreased 13% to 0.52 yuan from 0.60 in the previous year.

Total revenue declined 1.5% to 25.8 billion yuan from 26.2 billion yuan a year earlier.

The company declared an interim dividend of 1.50 yuan per 10 shares or 0.15 yuan per share, payable Oct. 21 to shareholders on record as of Sept. 18.

Shares rose 4% in Shanghai and 3% in Hong Kong during Friday's afternoon trading.

Price (HKD): $8.42, Change: $+0.27, Percent Change: +3.31%

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