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BoCom 2011 Net Profit Surges 30%

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Bank of Communications Co (OTC: BCMXY) reported a 30% rise in its 2011 net profit.

BoCom's net profit for the period climbed to CNY50.74 billion ($8.1 billion), versus CNY39.04 billion, in the year-ago period. However, analysts were expecting a net profit of CNY48.01 billion.

BoCom's net interest income surged 21% to CNY102.6 billion.

Posted-In: EarningsEarnings News

 

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