Bank of China H1 Net Profit Up 7.6%

Bank of China Ltd BACHY reported a 7.6% rise in its first-half net profit. Bank of China's net profit for the period climbed to CNY71.6 billion (US$11.3 billion), versus CNY66.56 billion, in the year-ago period. However, analysts were expecting a net profit of CNY73.83 billion. Its net interest income climbed 13% to CNY124.05 billion. Bank of China shares closed at $9.55 yesterday.