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Bank of China ( (HK:3988) ) has provided an announcement.
Bank of China Limited reported its unaudited financial results for the first quarter ending March 31, 2025, showing a slight decrease in profit and a significant cash outflow from operating activities. The bank’s operating income increased by 2.41% compared to the same period last year, but profit for the period fell by 2.22%. The net cash outflow of RMB 40.463 billion was mainly due to increased loans and advances to customers, highlighting a potential area of concern for stakeholders.
More about Bank of China
Bank of China Limited is a joint stock company incorporated in the People’s Republic of China, operating in the financial services industry. It offers a range of banking services and products, focusing on both domestic and international markets.
YTD Price Performance: 19.57%
Average Trading Volume: 48,754
Technical Sentiment Signal: Sell
Current Market Cap: $212.4B
For an in-depth examination of 3988 stock, go to TipRanks’ Stock Analysis page.