August 24, 2017 / 8:59 AM / a month ago

China's BoCom H1 net profit rises 3.5 pct to 39 bln yuan

SHANGHAI, Aug 24 (Reuters) - China’s Bank of Communications Co Ltd , the country’s fifth-largest listed bank by assets, on Thursday reported a slight rise in net profit for the first half of 2017, according to a filing with the Hong Kong stock exchange.

BoCom posted a net profit of 38.98 billion yuan ($5.85 billion) for January-June, up 3.5 percent from a year ago.

This implies second-quarter earnings of 19.65 billion yuan or 5.7 percent higher than the year-earlier period, according to Reuters calculations.

Four analysts had on average forecast a profit of 19.1 billion yuan for the quarter, Reuters data shows. ($1 = 6.6617 Chinese yuan renminbi) (Reporting by Engen Tham; Editing by Himani Sarkar)

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