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China Construction Bank First-Half Net Rises on Fee Services

China Construction Bank Corp. (939), the nation’s second-largest lender, said first-half profit rose 13 percent to a record as income from lending and fee-based services gained.

Net income climbed to 119.7 billion yuan ($19.6 billion), or 0.48 yuan a share, from 106.3 billion yuan, or 0.43 yuan, a year earlier, the Beijing-based lender said in a statement to the Shanghai stock exchange today. That exceeded the 117.8 billion yuan median estimate of 11 analysts surveyed by Bloomberg News.

To contact Bloomberg News staff for this story: Jun Luo in Shanghai at jluo6@bloomberg.net

To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net

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