August 28, 2019 / 11:45 AM / 3 months ago

China Construction Bank posts 4.9% H1 profit rise, Q2 beats estimates

BEIJING/SHANGHAI, Aug 28 (Reuters) - China Construction Bank Corp (CCB) , the country’s second-largest lender by assets, on Wednesday posted a 4.9% increase in first-half profit, its filing to the Hong Kong stock exchange showed.

Net profit rose to 154.19 billion yuan ($21.74 billion) for the January-June period from 147.0 billion yuan a year earlier, CCB said.

That implies a net profit of 77.27 billion yuan for the second quarter, up 5.5% from 73.2 billion yuan a year earlier, Reuters calculations showed.

Three analysts, surveyed by Reuters, had on average forecast a 4.4% rise in the quarterly profit.

$1 = 7.0928 Chinese yuan renminbi Reporting by Cheng Leng in Beijing and Engen Tham in Shanghai; editing by Christopher Cushing and Jason Neely

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