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Agricultural Bank of China Q1 Net Profit Up 28%


Agricultural Bank of China Ltd (OTC: ACGBY) reported a 28% rise in its first-quarter net profit.

The bank's quarterly profit climbed to CNY43.45 billion ($6.92 billion), from CNY34.07 billion, in the year-ago period.

AgBank's net interest income surged 22% to CNY85.84 billion, while its net fee and commission income jumped 20% to CNY21.27 billion.

Agricultural Bank of China shares closed at $11.49 on Friday.

Posted-In: profitEarnings News


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