IN BRIEF (Page 4)
China Daily | Updated: 2009-05-01 07:32
Bank profit down
China CITIC Bank Corp, the banking unit of the nation's largest investment firm, said first-quarter profit fell 23 percent as bad loans rose.
Net income for the three months ended March was 3.2 billion yuan ($467 million), or 0.08 yuan per share, compared with 4.2 billion yuan, or 0.11 yuan, a year earlier, the Beijing-based bank said in a statement yesterday.
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