China's CITIC Securities posts biggest first-half profit growth in five years

Credit: REUTERS/KIM KYUNG-HOON

CITIC Securities Co, China's largest brokerage, on Monday reported a 38.5% jump in first-half profit, with its biggest increase since 2016 led by gains from securities investment.

Corrects year in first paragraph to 2015

BEIJING/SHANGHAI, Aug 24 (Reuters) - CITIC Securities Co 600030.SS, 6030.HK, China's largest brokerage, on Monday reported a 38.5% jump in first-half profit, with its biggest increase since 2015 led by gains from securities investment.

Net profit for the six months to June 30 rose to 8.93 billion yuan ($1.29 billion) from 6.45 billion yuan a year earlier, the company said in a stock exchange filing, largely in line with preliminary results released in July.

($1 = 6.9125 Chinese yuan renminbi)

(Reporting by Zhang Yan and Cheng Leng in Beijing and Engen Tham in Shanghai Editing by David Goodman)

((Zoey.Zhang@thomsonreuters.com;))

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