Guoyuan posts 12.6% increase in H1 profit

Guoyuan Securities Co, an Anhui-based brokerage, said yesterday its net profit rose 12.6 percent year-on-year to 460 million yuan in the first half, boosted by the A-share market's bullish performance, which has risen over 80 percent since the beginning of the year.

The Shenzhen-listed company reaped an operating revenue of 872 million yuan in the first half of 2009, up 17.16 percent compared with the previous year, according its half-year report to the Shenzhen Stock Exchange.

The total assets of the company topped 13.42 billion yuan by the end of June, up 12.66 percent year-on-year.