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China Construction Bank H1 Net Profit Surges 13%

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China Construction Bank (OTC: CICHY) reported a 13% rise in its first-half net profit.

China Construction Bank's net profit for the six months surged to 119.71 billion yuan ($19.6 billion), from CNY106.28 billion, in the year-ago period. However, analysts were expecting a profit of CNY118.07 billion.

Its net interest income increased 11% to CNY187.66 billion from CNY169.69 billion.

China Construction Bank shares closed at $14.90 on Friday.

Posted-In: profitEarnings News

 

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