Huatai Securities's Q3 Profit Falls 28%; Hong Kong Shares Drop 5%

MT Newswires Live

10/31

Huatai Securities (HKG:6886, SHA:601688) reported 5.18 billion yuan in attributable profit for the third quarter, 28% lower from the 7.21 billion yuan posted a year earlier, according to a Hong Kong bourse filing Thursday.

Shares of the securities firm fell over 5% in late morning trade in Hong Kong on Friday, while its Shanghai-listed shares were down 3%.

Earnings per share fell 29% year-on-year to 0.55 yuan.

Revenue fell nearly 7% year-on-year to 10.91 billion yuan, figures showed.

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