Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Shenzhen Development Bank forecasts 85-95% rise of H1 net profit
+ -
08:21, June 23, 2008

 Related News
 SDB raises 6.5 bln yuan in bonds
 Shenzhen Development Bank reports 1.87 bln yuan in net profits in first 9 months
 Profit of Shenzhen Development Bank rises 142 pct in first half
 Shenzhen Development Bank forecasts up to 145 pct first half profit rise (2)
 Shenzhen Development Bank forecasts up to 145 pct first half profit rise
 Comment  Tell A Friend
 Print Format  Save Article
China's Shenzhen Development Bank (SDB) said late Sunday its unaudited net profit in the first half of 2008 may rise between 85 and 95 percent from a year earlier.

The net profit was forecast to jump to between 2.079 and 2.192 billion yuan (302 to 318 million U.S. dollars) in the six months ending on June 30, the Chinese partner of Newbridge Capital said.

Net profit in the first half of last year was 1.124 billion yuan, or 0.54 yuan per share.

The rapid growth was driven by the expansion of loans and intermediate services, wider interest margin, declines in non-performing loans (NPL) and corporate income tax rates.

Its bad loans dropped by 500 million yuan from a quarter ago, driving the NPL ratio down 0.5 percentage points.

In the first quarter of 2008, the SDB saw net profit soar 88 percent to 1.004 billion yuan.

Source: Xinhua



  Your Message:   Most Commented:
China slams UK for inviting Dalai to parliament hearing on human rights
Obama Phenomenon in U.S.
Dalai clique is chief criminal of violent crimes
Diplomat: Tibet issue not about human rights
China opposes British PM's meeting Dalai Lama

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90884/6434793.pdf