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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.