HSBC Reports 16 Percent Jump In Annual Profit
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2019-02-19 HKT 12:39
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HSBC on Tuesday posted an increase of 15.9 percent in profit for the last year, as the bank avoided tax writedowns that marred its results a year earlier, and earnings in its key market of Asia grew.
HSBC reported a profit before tax of US$19.9 billion last year compared with US$17.2 billion the year before.
The profit for the year, however, was below an average estimate of US$22 billion, according to Refinitiv data based on forecasts from 17 analysts.
The bank said it would pay a full-year dividend of US$0.51 per share, roughly in line with analysts’ expectations. (Reuters)
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