China's BoCom Q1 profit up 1.5 pct, below analyst estimates

April 28, 2015 9:01 AM

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BEIJING/SHANGHAI, April 28 (Reuters) - China's Bank of Communications Co Ltd , the country's fifth-biggest lender, said on Tuesday net profit rose 1.5 percent in the first quarter of 2015, missing analyst estimates.

Profit hit 18.97 billion yuan ($3.06 billion) in the three months through March from 18.7 billion yuan in the same period a year prior, according to a Reuters calculation from the company's figures.

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