June 2 (Xinhua) — The latest data from the China Futures Association shows that 150 futures companies made a combined net profit of nearly 600 million yuan in April, an increase of 22.44 percent year-on-year, but a sharp decline of 45.75 percent from a year earlier; meanwhile, 150 futures companies made a combined net profit of nearly 3 billion yuan in the first four months, also down from a year earlier.
A number of industry insiders said that the market-wide volume decline in April, the overall operation of futures companies also fell to varying degrees, such as net capital, operating income and commission income, all of which were lower than the ring, which directly led to the overall net profit of futures companies fell, but from a year-on-year perspective, still achieved better growth, reflecting the overall development of the industry is still in a good situation.
At the same time, based on the expected expansion of customer equity and volume this year, futures companies are still optimistic about their full-year operations.
