China Bohai Bank's H1 Profit Falls 10% on Lower Net Interest Income

MT Newswires Live08-29

China Bohai Bank's (HKG:9668) attributable profit fell 9.8% to 3.70 billion yuan in the first half from 4.10 billion yuan in the year-ago period, according to a Wednesday filing with the Hong Kong Stock Exchange.

Earnings per share at the bank decreased to 0.21 yuan from 0.23 yuan in the previous year.

Net interest income declined to 8.08 billion yuan from 9.33 billion yuan a year earlier.

Shares rose nearly 1% during Thursday's afternoon trading.

Price (HKD): $1.10, Change: $+0.010, Percent Change: +0.92%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment