HONG KONG, April 29 China's Bank of
Communications Co Ltd , the country's
fifth-largest listed bank, posted a 5 percent increase in
first-quarter net profits, missing estimates, as net interest
Net profit for the quarter rose to 18.7 billion yuan ($2.99
billion) from 17.706 billion yuan in the same 2013 period, the
bank said in its unaudited financial statement.
That compares with an average estimate of 19.20 billion yuan
calculated from a Thomson Reuters poll of six analysts.
First quarter net interest margin fell to 2.33 percent
compared with 2.52 percent at the end of December.
($1 = 6.2530 Chinese Yuan)
(Reporting by Shanghai Newsroom and Lawrence White in HONG
KONG; Editing by Miral Fahmy; Editing by Miral Fahmy)