China Construction Bank Corp. (0939.HK) saw its net profit climb 34.2% to RMB47.19 billion in the first quarter, as the state-run bank raked in higher interest income and commissions, Dow Jones reported. Quarterly earnings exceeded the average forecast of RMB43.07 billion in net profit forecast by five analysts polled by Dow Jones Newswires. CCB said its net interest income rose 25% to RMB71.6 billion in the period, accounting for about 80% of operating income, while its net fee and commission income rose 38% to RMB23.2 billion. Bank of America Corp. owns a 10% stake in the bank, China’s biggest lender to home buyers.
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