Bank of Communications Ltd, part-owned by HSBC Holdings Plc,
said profit gained more than 60 percent in 2007 on higher income
from lending and more revenue from fee-based services.
The company didn't disclose its net income for last year,
although it said earnings were 12.55 billion yuan (US$$1.7 billion)
in 2006, or 0.27 yuan per share, in a statement to the Hong Kong
Stock Exchange yesterday.
(Shanghai Daily January 23, 2008)
