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CDB Financial Leasing interim net profit hits US$280 million
August 31st 2021
China Development Bank Financial Leasing Co said net profit rose 46.2%, to 1.8 billion yuan (US$280 million) in the six months to June 30, from 1.2 billion yuan in interim 2020. Read More » Revenue improved 10.4%, to 9.7 billion yuan, the company said in a regulatory filing to the Stock Exchange of Hong Kong. Costs were 0.4% lower at 8 billion yuan. "The first half of 2021 has seen some green shoots pointing to the start of industry recovery in earnest, which is expected to accelerate in the latter part of 2021," the company said.
