China Construction Bank net profit up 71.34 pct
BEIJING, Aug 24, 2008 (Xinhua via COMTEX) --
Company: China Construction Bank (CICHF)
China Construction Bank Corp. (CCB), the country's second-largest commercial lender by assets, reported its net profit jumped 71.34 percent to 58.69 billion yuan (8.59 billion U.S. dollars) in the first half.
The Beijing-based bank's earnings per share was 0.25 yuan in the first half, representing an increase of 0.1 yuan over the same period a year earlier, the lender said in its half-year report.
Its business income during January to June was 135.19 billion yuan, up 36.12 percent over the same period last year.
The bank said both its lending and fee-related business had grown strongly, driven by a boom that is expected to see China's economy expand by at least 9 percent this year.
Total assets of CCB topped seven trillion yuan by June, up 6.96 percent over last year.
Copyright (C) 2008 Xinhua. All rights reserved
News Provided by COMTEX
Company: China Construction Bank (CICHF)
Related terms: bank, business, china, commercial, earnings, economy, net profit, yuan
