Bank of China Q1 net profit up 8 pct, meets expectations
HONG KONG, April 25
HONG KONG, April 25 (Reuters) - Bank of China , the country's No.4 lender, reported earnings in line with expectations on Thursday as income from advisory work helped to offset weaker loan growth.
The bank said it made a net profit of 39.8 billion yuan ($6.44 billion) in the January-March quarter, in line with expectations for a 39.5 billion yuan profit, according to a Reuters survey of six analysts. The net result was up 8 percent from its 36.8 billion yuan profit in the same period last year.
($1 = 6.1781 Chinese yuan)
(Reporting by Kelvin Soh; Editing by Edmund Klamann)
- Malaysia Airlines plane missing at sea off Vietnam, presumed crashed |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Malaysian plane crashed off Vietnam coast: state media
- Fresh confrontations raise tempers on ground in Crimea |