Haitong Securities, the mainland's No5 brokerage by market share, says net profit shrank 9.36 per cent to 2.02 billion yuan (HK$2.47 billion) in the first six months of this year on the back of a sluggish market. Revenue declined 1.79 per cent to 5.84 billion yuan, dragged down by a 23.48 per cent drop in commission and fee income to 2.82 billion yuan in the first half, it said yesterday. Staff Reporter
Greentown China Holdings, a Hangzhou-based property developer, saw its net profit double to 1.81 billion yuan in the first half from 892 million yuan a year earlier despite macroeconomic tightening. Earnings per share increased 101.9 per cent to 1.09 yuan while sales rose 12.3 per cent to 12.6 billion yuan. Charlotte So
Aluminum Corp of China, the world's third-largest smelter of aluminium , plunged into a 3.25 billion yuan net loss in the first six months of this year from a 413 million yuan net profit a year earlier due to weak demand and higher costs. The firm, known as Chalco, said finance costs soared 50.9 per cent to 2.25 billion yuan. Staff Reporter