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Hongkong Earnings Analysis: 
Bank of China Net Up 41%
Author: Trupti Mehta
123jump.com
Last Update: 8:23 AM ET April 27 2010


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Bank of China Limited first quarter net interest income rose 21% to 44.5 billion yuan and net profit rose 41% to 26.2 billion or 0.10 yuan a share.

 
8:25 PM Hong Kong, China - Bank of China Limited net interest income rose 21% and net profit rose 41%.

Bank of China Limited, the commercial bank said first quarter net interest income rose 21% to 44.5 billion yuan from 36.8 billion yuan a year ago. Net profit in the quarter rose 41% to 26.2 billion or 0.10 yuan per diluted share compared to net profit of 18.6 billion yuan or 0.07 yuan per share a year ago.

Bank of China Limited, in the last one year traded as high as Rmb 4.95 in June 2009 and as low as Rmb 3.43 in April 2009. Based on the yesterday’s closing price of Rmb 4.04 the company has market cap of Rmb 1.03 trillion.
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