Expanded Branch Network Drives Significant Growth in Turnover
HONG KONG, Sept. 6, 2011 /PRNewswire-Asia/ -- Bright Smart Securities & Commodities Group Limited ("BS Group" or "the Group", HKEx: 01428) is pleased to announce that, based on the preliminary review of the management accounts of the Group for the five months ended 31 August 2011, the Group is expected to record a significant increase in profit for the six months ending 30 September 2011 as compared to the corresponding period last year.
The estimated profit growth for the period was largely attributable to the substantial increase in turnover of the Group as a result of the expanded branch network which helped broaden the Group's customer base.
Mr. Nelson Chan, Chief Executive Officer of BS Group, said, "We are delighted that BS Group announces its first positive profit alert, reflecting the success of our branch network expansion strategy which helped to grow our customer base. This allowed us to achieve substantial turnover growth even under severe market competition. We are all excited about the Group's achievement in just one year since it was listed. Looking ahead, BS Group will seek to strengthen its market share by adopting aggressive marketing strategies and enhancing its customer service, in order to maximize the Group's revenue and bring the best returns to shareholders."
In June, nine exclusive branches (North Point, Kwun Tong, Mongkok I, Mongkok II, Central, Sham Shui Po, Tai Wai, Taipo and Yuen Long) of BS Group started to operate seven days per week -- a reflection of the Group's dedication to customer service enhancement.
The information in this announcement is based on the preliminary review of the management accounts of the Group for the five months ended 31 August 2011. The Group's interim results announcement for the six months ending 30 September 2011 will be published by the end of November 2011.
About BS Group
Listed on the Main Board of the Hong Kong Stock Exchange in 2010, Bright Smart Securities & Commodities Group Limited ("BS Group", HKEx: 01428) provides its clients with comprehensive and robust brokerage services including securities traded in Hong Kong, US, China (B) and Taiwan, Hong Kong stock options, global futures, IPO subscriptions and margin financing through its wholly-owned subsidiaries Bright Smart Securities International (H.K.) Limited and Bright Smart Futures & Commodities Company Limited. Leveraging on its reliable online trading platform and low commission policy, BS Group has achieved rapid growth and has a total of 12 branches distributed across Hong Kong, Kowloon and the New Territories. For more information, please visit www.bsgroup.com.hk
