14 November 2018

Everbright Securities 2013 net profit down 79%, paper says

Everbright Securities Co. Ltd. (601788.CN) said Wednesday its unaudited 2013 net profit fell 78.79 percent year on year to 213 million yuan (US$35.18 million), mainly as it disposed of some securities assets after failing to meet risk control requirements and causing abnormal trading in August, National Business Daily reported Thursday. Revenue for the period rose 11.33 percent to 4.06 billion yuan. The company said vice president Xue Feng will be its new president, the report said.

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