China's AgBank Q4 profit rises 1.2 pct, above estimates

March 31, 2016 8:41 AM

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SHANGHAI, March 31 Agricultural Bank of China Ltd (AgBank) , the country's third-largest lender by assets, on Thursday reported 1.2 percent profit growth for the fourth quarter, above analyst estimates.

Profit was 27.4 billion yuan ($4.24 billion) in the three months through December from 27 billion yuan in the same period a year prior. The result compared with an average analyst estimate of 26.0 billion yuan, according to Thomson Reuters data.

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