SHANGHAI Jan 5 Profits at China's Shanghai
Pudong Development Bank rose 25 percent year-on-year
in 2012 to 34.16 billion yuan ($5.48 billion), according to a
preliminary financial report published on the Shanghai Stock
Exchange website late on Friday.
The rate of increase over the previous year was slower than
the 42 percent it recorded in 2011 as a result of economic
headwinds, official news agency Xinhua said on Saturday.
Earnings per share rose 25 percent to 1.831 yuan per share
while its non-performing loan ratio increased to 0.58 percent,
up 0.14 percentage points against the end of 2011.
Shares in the bank closed at 10.02 yuan at the end of
trading on Friday. They have risen more than 40 percent since
hitting a year low of 7.1 yuan at the end of September.
($1 = 6.2303 Chinese yuan)
(Reporting by Adam Jourdan; Editing by Daniel Magnowski)