Industrial and Commercial Bank of China Q1 Profit Down 4%, Revenue Slips 3%

MT Newswires Live
04-30

Industrial and Commercial Bank of China (SHA:601398, HKG:1398) posted first-quarter net profit attributable to shareholders of 84.2 billion yuan, down 4.0% from 87.7 billion yuan the previous year.

Earnings per share slid to 0.23 yuan from 0.24 yuan, according to a filing with the Hong Kong bourse.

The bank's revenue was down 2.6% to 204.7 billion yuan from 210.2 billion yuan.

Shares of ICBC were down 3% in recent trade on the Shanghai bourse and 5% on the Hong Kong bourse.

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