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Bank of Nanjing expects 2011 profit to rise 39%

Feb. 3, 2012 (China Knowledge) - Bank of Nanjing Co Ltd<601009> said yesterday that it expected its net profit to surge 39% year on year to RMB 3.2 billion in 2011.

The bank said in a statement filed with the Shanghai Stock Exchange that basic earnings per share were estimated at RMB 1.09 last year, up 21.11% year on year.

The lender's unaudited operating revenue surged 40% year on year to RMB 7.4 billion in the period.

Net assets per share had grown 14.98% year on year to RMB 7.29 at the end of December.

Bank of Nanjing is due to release its annual report on April 28.

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