Pudong Bank’s Q3 earnings climb
Source: Shanghai Daily |
October 31, 2013, Thursday
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Print Edition
Print Edition
Shanghai Pudong Development Bank yesterday posted a 16.8 percent jump in net profit in the third quarter from a year earlier, compared with a rise of 12.8 percent in the first half.
In a filing to the Shanghai Stock Exchange, the lender said its net earnings in the July-September period rose to 10.4 billion yuan (US$1.7 billion), or 0.559 yuan per share.
Meanwhile, revenues soared 24.6 percent year on year to 26 billion yuan, including 21.9 billion yuan in net interest income and 3.8 billion yuan in commission fees.
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