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BIZCHINA> Top Biz News
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China Merchants Bank net profit up 38%
By Yang Zhen (chinadaily.com.cn)
Updated: 2009-04-10 13:49 China Merchants Bank (CMB), the country's fifth-largest bank by market value, said its net profit for 2008 grew 38.27 percent to 21.08 billion yuan ($3.78 billion).
The bank's earnings per share rose to 1.43 yuan, up 37.5 percent from the previous year's 1.04 yuan, according to a preliminary earnings report released Thursday. CMB also postponed the release of its 2008 earnings report to April 24, from a scheduled release date of April 16. The bank said the figures were unaudited. (For more biz stories, please visit Industries)
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