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ICBC posts YOY rise in FY'17 net profit

Industrial & Commercial Bank of China Ltd. reported a 2.80% year-over-year rise in net profit for the 2017 fiscal year.

Net profit attributable to equity holders went up to 286.05 billion Chinese yuan, from 278.25 billion yuan in the prior year. EPS rose to 79 fen from 77 fen.

The S&P Capital IQ consensus mean estimate for both normalized and GAAP EPS was 79 fen for shares listed in Hong Kong.

As of March 26, US$1 was equivalent to 6.27 Chinese yuan.

More details to follow.