Bank of China Reports Upbeat First-Half Net Profit

Bank of China Ltd

reported a 28% rise in its net profit for the first half. Bank of China's net profit for the period rose to CNY66.51 billion (US$10.4 billion), from CNY52.02 billion, in the year-ago period. However, analysts were expecting a net profit of CNY65.46 billion. The bank's net interest income climbed 20% to CNY110.22 billion at the end of June. Bank of China shares gained 2.38% to close at $9.91 yesterday.