Bank of Communications posts 4 percent profit rise
Bank of Communications reported a four percent rise in first half net profit to reach 47.874 billion yuan. The growth reflects steady performance for the Chinese lender during the six month period ending June.
Insights:
China's Bank of Communications posted a 4% rise in first-half net profit, reaching 47.874 billion yuan ($7.12 billion) on Friday morning. The result compares with 46.016 billion yuan earned during the same period a year earlier. The earnings report underscores steady financial performance amid broader economic shifts.
