PUDONG DEVELOPMENT BANK 07 NET PROFIT HIKED 63.89%
AsiaInfo Services, January, 2008
AsiaInfo Services 01-04-2008 Pudong Development Bank 07 Net Profit Hiked 63.89% SHANGHAI, Jan 04, 2008 (SinoCast via COMTEX) -- Shanghai Pudong Development Bank Co., Ltd. (SHSE: 600000) said on January 3, 2008 that it gained net profit of CNY 5.5 billion in 2007, 63.89% higher than a year ago. Revenue from major business reached CNY 40.3 billion in the year, soaring 35.06% from the CNY 29.838 billion in 2006.
Profit soared 72.27% to CNY 15.4 billion. Earnings per share surged 63.64% to CNY 1.26, net return on assets climbed six percentage points to 19.69%, and net assets per share touched CNY 6.53. Incorporated in 1992, the Shanghai-based commercial bank was partly owned by Citygroup Inc. (NYSE: C). It operates three businesses, including personal banking,...
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