Bid target Wing Lung’s Q1 interest income falls 1.4 pct
Written by on May 16th, 2008 in Real Estate.
Bid target Wing Lung’s Q1 interest income falls 1.4 pct May 17th, 2008 HONG KONG, May 17 (Reuters) - Wing Lung Bank Ltd (0096.HK: Quote, Profile, Research),which is awaiting final bids in a takeover battle, said its netinterest income for the first quarter of 2008 fell 1.4 percentto HK$360.1 million ($46.2 million) from a year ago. Net fees and commission income for the first quarter rose2.9 percent year-on-year to HK$90.9 million while operatingincome of its insurance operations rose 2.6 p