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Earnings Analysis: 
Bank of East Asia Net Plunges
Author: 123jump.com Staff
123jump.com
Last Update: 7:02 AM ET February 17 2009


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The Bank of East Asia Limited the Hong Kong lender full-year net interest income rose 13.7% to HK$6.79 billion and net profit fell 99.1% to HK$39 million.

 
10:00AM Hong Kong, Hong Kong – The Bank of East Asia Limited net interest income rose 13.7% and net profit fell 99.1%.

The Bank of East Asia Limited, the Hong Kong lender said full-year net interest income rose 13.7% to HK$6.79 billion from HK$5.98 billion, a year ago. Net profit in the full-year fell 99.1% to HK$39 million compared to net profit of HK$4.14 billion, a year ago.

The Bank of East Asia Limited, in the last one year traded as high as HK$6.55 in May 2008 and as low as HK$1.65 in October 2008. Based on the yesterday’s closing price of HK$1.95 the company has market cap of HK$3.26 billion.
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