CSC Financial : 2020 Net Profit Soared on Higher Income From Main Businesses

By Yifan Wang

CSC Financial Co. said its 2020 net profit soared 73%, thanks to sharply higher income from businesses including proprietary investment, investment banking and brokerage.

The financial company's net profit was 9.51 billion yuan ($1.47 billion), it said Friday.

Operating income rose 71% to CNY23.35 billion.

The company's main businesses of proprietary investment, brokerage operations and investment banking all achieved "significant growth" from a year earlier, CSC Financial said.

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(END) Dow Jones Newswires

01-22-21 0500ET