Agricultural Bank of China Q1 Net Profit Up 28%

Agricultural Bank of China Ltd

reported a 28% rise in its first-quarter net profit. The bank's quarterly profit climbed to CNY43.45 billion ($6.92 billion), from CNY34.07 billion, in the year-ago period. AgBank's net interest income surged 22% to CNY85.84 billion, while its net fee and commission income jumped 20% to CNY21.27 billion. Agricultural Bank of China shares closed at $11.49 on Friday.