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4 years ago
Bank of China Q1 net profit up 8 pct, meets expectations
April 25, 2013 / 8:56 AM / 4 years ago

Bank of China Q1 net profit up 8 pct, meets expectations

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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

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