Four Chinese banks were among the world’s top 10 most profitable companies over
the past year concluding at the end of March, according to a report by Bloomberg.
The Industrial and Commercial Bank of China and China Construction Bank achieved a net in
come of $45 billion and $38 billion respectively over the past year, closely following Apple Inc, which retai
ned its title of world’s biggest moneymaker for the fourth straight year with a net income of $57.2 billion.
The Agricultural Bank of China and the Bank of China were respectively ranked at the
seventh and 10th places in the top profit list, with $31 billion and $27 billion in net incomes.
While financial service companies claimed nine spots among the top 10 most profitable compa
nies, no drugmakers or automotive firms appeared in the list for the first time in eight years, the report said.