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Asset lift at China Everbright on $931m earnings

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Unlisted China Everbright Group, a mainland conglomerate controlled by the State Council, made a 994 million yuan profit (about HK$931.58 million) last year.

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The conglomerate said the group's divisions achieved an improved performance on the preceding year, according to a report in the Financial News.

During the year, assets rose 25 per cent to 296 billion yuan. Of which, 96 per cent came from its financial business - including China Everbright Bank and China Everbright Securities.

However, it gave no breakdown on profits and assets of its banking and securities divisions.

The conglomerate and the bank were unavailable for comment yesterday.

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According to China Everbright Bank's Web site, assets last year grew 29.6 per cent, to 268.89 billion yuan.

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