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Hua Xia Bank net profit down 13.6% in H1

(Xinhua)
Updated: 2009-08-08 14:53

China's Hua Xia Bank Co Ltd announced Friday evening it had made a net profit of 1.67 billion yuan (about $243 million) during the first half of the year, down 13.61 percent year-on-year.

Special Coverage: Interim Results of Listed Companies Related readings:  Bank of China's new yuan loans hit 901.9b yuan in H1  Profits of China's SOEs top 316b yuan in H1  China's premium income tops 599b yuan in H1  China postal revenue up 13% to $11.2b in H1

Total assets of the bank rose 9.42 percent year-on-year to 800.53 billion yuan by the end of June, the company said in its half-year report to the Shanghai Stock Exchange.

The bank's net assets profitability ratio was 5.92 percent in six months, dropping by 7.39 percentage points year-on-year.

The Shanghai-listed firm's shares had fallen 1.46 percent to 12.12 yuan a share Friday before the release of the report.