Guolian Securities (HKG:1456, SHA:601456) recorded an attributable profit of 376.1 million yuan in the first quarter, compared with an attributable loss of 218.8 million yuan in the year-ago period, a Tuesday Hong Kong bourse filing said.
Earnings per share were 0.08 yuan in the three months, while the company had incurred a loss per share of 0.08 yuan in the corresponding period of the last fiscal year.
Operating income for the securities company rose 801% to 1.56 billion yuan in the quarter from 173.4 million yuan a year prior.
The firm attributed the improved results mainly to growth in the proprietary trading, brokerage, and investment banking businesses.
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