Agricultural Bank of China H1 Net Profit Up 21%

Agricultural Bank of China Ltd

reported a 21% rise in its first-half net profit. The bank's net profit for the period climbed to 80.50 billion yuan (US$12.7 billion), versus CNY66.67 billion, in the year-ago period. However, analysts were expecting a profit of CNY80.52 billion. Its net interest income surged to CNY167.69 billion, versus CNY144.73 billion. Agricultural Bank of China shares fell 0.52% to close at $9.65 yesterday.