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Bank of Ningbo's H1 Profit, Revenue Rise 12%; Shares Up 3%

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Bank of Ningbo's (SHE:002142) net profit attributable to shareholders in the first half rose 12% to 16.6 billion yuan from 14.8 billion yuan a year earlier, according to a Shenzhen bourse filing on Thursday.

Earnings per share increased year on year to 2.51 yuan from 2.24 yuan.

Operating revenue also climbed 12% to 41.5 billion yuan from 37.2 billion yuan in the prior year.

The lender said it will distribute a cash dividend of 4 yuan for every ten shares to registered shareholders.

The company's shares rose 3% during the morning trade.

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