Agricultural Bank's Quarterly Profit Climbs 1.1 Percent on Year
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Agricultural Bank of China Ltd., the nation’s third-largest lender by assets, posted a 1.1 percent increase in profit in the first quarter.
Net income for the three months through March 31 rose to 54.69 billion yuan ($8.4 billion) from 54.1 billion yuan a year earlier, the company said in a statement to Hong Kong’s stock exchange on Thursday. It was the third straight quarter of a profit gain of about 1 percent.