Pudong Bank FY net profit up 128%
By Wang Zhenghua | 皇冠体育app Daily | Updated: 2009-01-07 11:54
SHANGHAI: Shanghai Pudong Development Bank, part-owned by Citigroup Inc, said yesterday its full year net profit rose 128 percent on higher interest income and lower taxes.
The Shanghai-based lender in a preliminary earnings statement said it expects to report a full year net profit of 12.5 billion yuan, or 2.21 yuan a share, compared with 5.5 billion yuan, or an adjusted 0.97 yuan in 2007.
The bank is scheduled to publish its final results on Feb 28.
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