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Investor Alert

Aug. 19, 2010, 12:00 a.m. EDT

China's BoCom Posts Higher Profit

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    Bank of Communications Co. Ltd. (3328)

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Bank of Communications /zigman2/quotes/203442771/delayed HK:3328 +0.97% Co. posted a 30% rise in first-half net profit on wider lending margins and higher interest and fee income.

The results from BoCom, China's fifth-largest bank by assets, bode well for other state-run lenders' earnings. BoCom, which is 19%-owned by HSBC Holdings PLC, said net rose to 20.36 billion yuan ($3 billion) from 15.65 billion yuan a year earlier, in line with the average 20.77 billion yuan forecast of five analysts. Net interest income rose 34% to 39.9 billion yuan.

/zigman2/quotes/203442771/delayed
HK : Hong Kong
HK$ 5.21
+0.05 +0.97%
Volume: 20.78M
Feb. 19, 2020 4:08p
P/E Ratio
4.43
Dividend Yield
6.54%
Market Cap
HK$383.20 billion
Rev. per Employee
HK$5.47M
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