HUA XIA BANK CO., LTD (600015)

Estimated 80% Rise in Net Profit in 1Q 2008

The company’s net profit in 1Q 2008 is estimated to have increased by over 80% as compared with the same period in 2007, due to the expansion of the scale of its assets, an increase in non-interest income and a reduction in effective income tax rate. Details can be found in the 1Q 2008 Report of the company.

In 1Q 2007, the company’s net profit was RMB 455 mln and EPS were RMB 0.11.

Board of Directors
22 Apr 2008

CN01/LZ/BT/GB


Copyright NewsnChina 2008