(Bloomberg) -- Bank of Ningbo Co. Ltd., a Chinese
bank that raised 4.14 billion yuan ($547 million) in its initial
public offering this month, said its unaudited first-half profit
rose 41 percent on increased loans to local companies.
Net income rose to 382.8 million yuan, or 0.19 yuan a share,
in the six months ended June 30 from last year's 271.6 million
yuan, or 0.15 yuan a share, said the bank based in eastern
China's Zhejiang province. Sales rose 38 percent to 998.5 million
yuan, the bank said in a statement to the Shenzhen Stock Exchange.
Read more at Bloomberg Emerging Markets News
bank that raised 4.14 billion yuan ($547 million) in its initial
public offering this month, said its unaudited first-half profit
rose 41 percent on increased loans to local companies.
Net income rose to 382.8 million yuan, or 0.19 yuan a share,
in the six months ended June 30 from last year's 271.6 million
yuan, or 0.15 yuan a share, said the bank based in eastern
China's Zhejiang province. Sales rose 38 percent to 998.5 million
yuan, the bank said in a statement to the Shenzhen Stock Exchange.
Read more at Bloomberg Emerging Markets News
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