ICBC's Profit Rises 4% in Q3

MT Newswires Live10-30

Industrial and Commercial Bank of China (HKG:1398, SHA:601398) or ICBC booked a net profit attributable to shareholders of 98.6 billion yuan in the third quarter of the year, rising 3.8% from the previous year, according to a Hong Kong Stock Exchange filing on Wednesday.

Earnings per share climbed 4.2% year on year to 0.25 yuan.

The Chinese bank's net interest income was 162.8 billion yuan, down from 164.5 billion a year earlier, the filing said.

The company's Hong Kong shares closed less than 2% lower.

Price (HKD): $4.74, Change: $-0.030, Percent Change: -0.63%

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