Brief: Guangzhou Rural Commercial Bank Says Net Profit Is Expected To Drop By 25% To 30% For Year
15/03/2022 14:57
March 15 (Reuters) - Guangzhou Rural Commercial Bank Co Ltd
1551.HK :
* SEES EXPECTING AN INCREASE OF 12%-15% FOR TOTAL ASSETS,
AN
INCREASE OF 10%-12% FOR OPERATING INCOME FOR YEAR
* NET PROFIT IS EXPECTED TO DROP BY 25% TO 30% FOR YEAR
* EXPECTED PROFIT DUE TO LARGER AMOUNT OF PROVISION FOR
ASSET
IMPAIRMENT THROUGHOUT YEAR
Further company coverage: 1551.HK
((Reuters.Briefs@thomsonreuters.com;))
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