Everbright Securities (SHA:601788, HKG:6178) reported a net profit attributable to the shareholders of 599.9 million yuan for the quarter, down 69% from a year earlier, according to a quarterly report filed on Wednesday with the Hong Kong stock exchange.
Earnings per share for the company were 0.11 yuan, a 73% decrease from the year-ago period.
Everbright Securities attributed the drop in profit to "the reversal of accrued liabilities as a result of the entering into enforcement settlement
agreements by the subsidiary Everbright Capital last year."
The company's operating income rose 41% to 2.22 billion yuan.
The company's shares were down over 1% at the close of trade in Hong Kong, while its share price grew less than 1% in Shanghai.
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