Profit of Agricultural Bank of China surged by 28% in Q1

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Source: Marketwatch
Agricultural Bank of China Ltd. reported that its net profit for the first quarter of 2012 soared by 28% on a yearly basis, being driven by essential growth in fee income and net interest. The total profit for the quarter approached 6.92 billion US Dollars whereas the acceleration of profit growth slowed as the bank posted a 36% increase in profit in Q1 of 2011.


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