Banking News
- Hang Seng profit up 43.2% in first half of 2007
Date: 31-Jul-2007 Sources: (Xinhua Online)
HONG KONG, July 30 (Xinhua) -- Hang Seng Bank recorded an attributable profit of about 1.14 billion U.S. dollars for the first half of 2007, up 43.2 percent over the same period last year, the company said in a report Monday.
Earnings per share were up 43.2 percent at 0.6 U.S. dollars, the bank said.
The second interim dividend issued by Hang Seng Bank was 0.14 dollars per share, putting the total dividends for the first half of 2007 at 0.28 dollars per share, according to an interim report released by the bank on Monday.
The record results for Hang Seng, which has been largely operating in Hong Kong, reflected excellent progress with its long-term growth strategy, supported by buoyant economic conditions, said Raymond Or, the bank's chief executive.
Hang Seng's mainland subsidiary bank commenced operation in late May, marking the start of a new era of business growth, Or said, adding that the bank plans to build on the progress made in the Chinese mainland and Hong Kong.
The bank's assets were up 10.8 percent to 94.92 billion dollars, compared with 85.67 billion dollars on December 31, 2006.
Sponsor Results:
