China's 24 listed securities dealers released their financial reports for October, showing their net profits reached 10.305 billion yuan in October, up 74.25 percent month on month.
According to company filings, the 24 securities brokers generated operating turnover at 22.883 billion yuan during the period, up 39.34 percent month on month. The month-on-month growth of listed securities dealers' profits in October were mainly due to the recovery of the A-share market and the strong performance of securities dealer sector.
While, 23 of China's listed 24 securities dealers witnessed year-on-year growth in their net profits and revenues of 218.79 percent and 180.89 percent respectively in the first three quarters of 2015, a sharp decline compared over the growth rate of 369.52 percent and 274.61 percent in H1.
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