China Construction Bank's Q1 Profit Falls 4%, Operating Income Slips 5%; Shares Slump 3%

MT Newswires Live
30 Apr

China Construction Bank's (HKG:0939, SHA:601939) net profit attributable to equity shareholders in the first quarter fell 4% to 83.4 billion yuan from 86.8 billion yuan in the previous year, according to a Hong Kong Stock Exchange filing on Tuesday.

Earnings per share dropped year on year to 0.33 yuan from 0.35 yuan.

The Chinese lender's operating income slipped 4.8% to nearly 186 billion yuan from 195.3 billion yuan a year earlier, the filing said.

Both of the bank's Hong Kong and Shanghai shares dropped 3% in recent trade.

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