China's AgBank 2024 profit rises 4.7%

Reuters
28 Mar
China's AgBank 2024 profit rises 4.7%

BEIJING/SHANGHAI, March 28 (Reuters) - Agricultural Bank of China Ltd (AgBank) 1288.HK 601288.SS reported on Friday a 4.7% rise in its 2024 net profit.

Net profit last year totalled 282.083 billion yuan ($38.84 billion), compared to 269.356 billion yuan in 2023, AgBank said in a filing.

The net profit in 2024 was above a median estimate from 15 analysts of 276.101 billion yuan.

($1 = 7.2635 Chinese yuan renminbi)

(Reporting by Ziyi Tang and Engen Tham; Editing by Muralikumar Anantharaman)

((Ziyi.Tang@thomsonreuters.com;))

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