Banking News
- HSBC profit up 25% in first half of 2007
Date: 31-Jul-2007 Sources: (Xinhua Online)
HONG KONG, July 30 (Xinhua) -- HSBC produced record results for the first half of 2007, delivering profit before tax of about 14.2 billion U.S. dollars, up 13 percent from the same period last year, the company said in a report Monday.
The profit attributable to shareholders of the parent company was up 25 per cent to 10.9 billion dollars, which means that the earnings per share was 0.95 U.S. dollars, up 22 percent from the same period last year.
The directors have approved a second interim dividend of 0.17 U.S. dollars per share, the company said. The first interim dividend for 2007 of 0.17 U.S. dollars per ordinary share was already paid.
The results were driven by excellent performances across Asia, and in corporate, investment banking and markets (CIBM), and commercial banking, said Stephen Green, the group chairman.
HSBC's total assets on Monday were 2,150 billion U.S. dollars, an increase of 290 billion U.S. dollars since December 31, 2006.
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