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Profits of Sinolink Securities soar 182 pct

Xinhua, March 20, 2016 Adjust font size:

Sinolink Securities Co. announced on Sunday that it raked in 2.36 billion yuan (363 million U.S. dollars) in net profits in 2015, up 182.1 percent from a year earlier.

In a statement filed with the Shanghai Stock Exchange, the firm said its total assets increased 114.2 percent over the beginning of the year to hit 56.35 billion yuan at the end of 2015. Revenue expanded by 148 percent year on year to 6.75 billion yuan.

Earnings per share stood at 0.8 yuan, according to the statement.

The firm attributed its strong profit growth to huge increase in market transactions, as well as rising brokerage market share over the year.

The brokerage business accounted for nearly 80 percent of Sinolink Securities' profits in 2015, compared with around 50 percent one year earlier, the statement said. Endi