Shanghai Pudong Development Bank's H1 Profit, Revenue Up 4%
Shanghai Pudong Development Bank (SHA:600000) posted a 4.1% year-over-year increase in attributable profit in the first half to 31 billion yuan from 30 billion yuan.Basic earnings per share fell 10% to 0.89 yuan from 0.99 yuan, according to a Shanghai bourse filing late Wednesday.Revenue climbed 3.6% to 93.8 billion yuan from 90.6 billion yuan a year earlier.Net interest margin stabilized and rebounded during the first half, the Chinese commercial lender said without providing actual figures.At the end of June, the ratio of its non-performing loans decreased to 1.25% from 1.26% at the start of the year.