Market Overview

Bank of China Q1 Net Profit Rises 8.2%


Bank of China (OTC: BACHF) reported an 8.2% rise in its first-quarter net profit.

The bank's quarterly net profit surged to 39.82 billion yuan (US$6.42 billion), from CNY36.80 billion, in the year-ago period. However, analysts were expecting a profit of CNY40.03 billion.

Its net-interest income climbed 10.5% to CNY66.96 billion.

Bank of China shares closed at $0.45 yesterday.


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