SHENZHEN, Feb. 25 (Xinhua) -- Western Securities CO., Ltd. Monday announced that its net profits fell 73.4 percent year on year in 2018 amid a sustained stock market gloom.
The net profits attributable to its shareholders totalled 200 million yuan (30 million U.S. dollars), the Xi'an-based securities broker said in its preliminary financial results for 2018 filed to the Shenzhen Stock Exchange.
Its revenues fell 29.4 percent year on year to 2.24 billion yuan, it said.
China's benchmark Shanghai Composite Index fell 24.6 percent to 2,493.9 points in 2018. It, however, has made a strong rebound so far this year, rallying to exceed 2880 points Monday morning.
Shares of Western Securities once rose over 8 percent in the morning trade on Monday in Shenzhen.
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