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News & Analysis » Asia

China Construction Bank H1 Profit Rises 26.76%

August 23, 2010, Monday, 11:43 GMT | 06:43 EST | 16:13 IST | 18:43 SGT

(RTTNews) - China Construction Bank corp. (CICHF.PK) reported first half net profit attributable to equity shareholders of the bank of RMB 70.74 billion, up 26.76% from RMB55.81 billion last year. Earnings per share were RMB 0.30, compared to RMB 0.24 in the previous year.

Net interest income grew 14.96% to RMB 117.8 billion from RMB102.47 billion a year earlier.

Net fee and commission income was RMB 33.64 billion, up 43.63% from RMB 23.42 billion in the prior year.

The Bank declared cash dividend of RMB47.205 billion according to profit distribution plan approved by Annual General Meeting held on 24 June 2010.