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Net profits knocked by shrinking turnover for securities companies.
Byline: Nuntawun Polkuamdee
Nov. 3--Most securities companies reported lower net profits for the third quarter of this year due mainly to shrinking market turnover as a result of rising oil prices and interest rates.
Market leader Kim Eng Securities posted a net profit of 164.58 million baht in the third quarter, down from 198.27 million baht in the third quarter of 2004. Profits for the nine-month period were 590.12 million baht, down from 840.18 million baht in same period last year.
Seamico Securities recorded a 57 percent drop in net profit to 30.76 million baht in the third quarter while Adkinson Securities had a loss of 69.74 million baht ...
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