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China's Bank of Communications posts 6.3% rise in quarterly profit

China's Bank of Communications posts 6.3% rise in quarterly profit

reuters.com · 04/29/2022 04:39
China's Bank of Communications posts 6.3% rise in quarterly profit

- China's Bank of Communications Co Ltd (BoCom) 601328.SS, 3328.HK on Friday reported a 6.3% rise in first-quarter net profit.

Net profit for China's sixth-largest commercial bank by assets came in at 23.3 billion yuan ($3.54 billion) for the three months to March 31, up from 21.9 billion yuan in the same period last year, it said in a statement to the Hong Kong stock exchange.

($1 = 6.5861 Chinese yuan renminbi)


(Reporting by Engen Tham and Selena Li
Editing by David Goodman
)

((cheng.leng@thomsonreuters.com; +8610-5669-2129;))