October 30, 2019 / 9:18 AM / a month ago

China's CITIC Securities third-quarter net profit surges 133%

FILE PHOTO: A CITIC Securities logo is seen at a building where its branch is located in Beijing, China, March 23, 2016. REUTERS/Kim Kyung-Hoon/File Photo

BEIJING/SHANGHAI (Reuters) - China’s biggest brokerage CITIC Securities Co Ltd (600030.SS), (6030.HK) reported on Wednesday a 133% surge in third-quarter net profit on growing investment returns.

Net profit for the July-September period rose to 4.08 billion yuan from 1.75 billion yuan a year earlier, the company said in a statement to the Shanghai stock exchange.

Its investment returns increased to 5.92 billion yuan in the third quarter from 1.93 billion yuan in the same period a year earlier.

(Changes day of week to Wednesday and net profit in the second par to 4.08 from 4.07)

Reporting by Cheng Leng in Beijing and Engen Tham in Shanghai, editing by Louise Heavens

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