The Pacific Securities Co., Ltd. (601099.SH) posted a 139.45 percent year-on-year growth in interim net profits to 135 million yuan, reports Shenzhen Economic Daily, citing a company filing. Earnings per share hit 0.09 yuan. Revenue rose 84.5 percent to 455 million yuan.

As of the end of June, the firm’s total asset totaled 4.74 billion yuan and net assets per share hit 1.39 yuan.

Pacific Securities said it benefited from large growth in underwriting bond and equity offerings in the first half of 2011.

Proprietary trading also performed well as the company said it invested in bonds when the stock market slid.

The brokerage business booked 187 million yuan in revenues, down 15.48 percent year-on-year while revenues from investment banking hit 130 million yuan, up 74.88 percent.

Source:capitalvue