Your Name:BoCom sees quarterly net profit edge upBank of Communications (3328) said net profit in the first quarter increased 1.8 percent year-on-year to 21.45 billion yuan (HK$23.48 billion). Net interest income in the first quarter increased 5.39 percent year-on-year to 36.73 billion yuan. Basic and earnings per share were 0.25 yuan. Net interest margin decreased by 4 basis points year-on-year to 1.55 percent. Credit impairment losses surged 11.14 percent year-on-year to 11.89 billion yuan.

Source: The Standard April 28, 2020 11:21 UTC