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

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

Net profit for the July-September period rose to 4.07 billion yuan ($576.85 million) 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.

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

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