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China Minsheng Banking Q3 net profit up 81 pct on surging services revenue.
(From Xinhua Financial News - China Focus)
BEIJING (XFN) - China Minsheng Banking Corp Ltd's (SHA 600016) net profit for the for the third quarter of 2003 rose 81.25 pct year-on-year to 416.20 mln yuan, against 229.63 mln a year earlier, largely due to surging revenue from intermediary services.
The company did not give a full-year forecast. Its revenue from loan interest rose to 2.01 bln yuan for the third quarter, up from 1.24 bln yuan a year earlier.
Revenue from procedure fees was 31.27 mln yuan from July to September, sharply up from 4.24 mln yuan in the same period last year.
Revenue from remittance business rose to 56.29 mln yuan for …
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