BANK OF CHINA REPORTS CNY41.9BN NET PROFITS IN 06
AsiaInfo Services, April, 2007
AsiaInfo Services 04-06-2007 Bank of China Reports CNY41.9bn Net Profits in 06 SHANGHAI, Apr 06, 2007 (SinoCast via COMTEX) -- Bank of China (3988, HK; 601988, SH), one of the top four commercial lenders in the country, reports 2006 net profits of CNY 41.9 billion, rising 52.4% from a year earlier, or CNY 0.165 per share. The bank achieved net interest income of CNY 120.7 billion last year, hiking 20.2% year over year, and the non-interest income reached CNY 16.9 billion, growing 8.3%.
Before putting aside provisions, the profits were CNY 78.6 billion, mounting 18.9%. Conservative estimates say the bank would gain earnings per share of CNY 0.206 and CNY 0.273 in 2007 and 2008, and the predicted dividend in 2007 would be CNY 0.08. Notably, the share of...
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