October 25, 2019 / 10:23 AM / 24 days ago

China's AgBank Q3 net profit rises 6.1%, beats estimates

BEIJING, Oct 25 (Reuters) - Agricultural Bank of China Ltd (AgBank) , the country’s third-biggest lender by assets, on Friday reported a 6.1% rise in third-quarter net profit, beating analyst estimates.

July-September profit was 59.23 billion yuan ($8.38 billion), up from 55.82 billion yuan a year earlier.

The result topped the 4.77% growth expected on average by three analysts compiled by Reuters.

$1 = 7.0706 Chinese yuan renminbi Reporting by Cheng Leng in Beijing and Engen Tham in Shanghai; Editing by Jason Neely

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