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Sunday, November 29 - 2009

HSBC posts lower Mideast H1 profits

  • Monday, August 04 - 2003 at 16:57

HSBC reported a 6.45 per cent fall in profit before tax from the Middle East at USD116m for the first half of this year against USD124m. However, fee income from credit cards was up 12 per cent and loans and advances were higher by 13 per cent at USD6.39bn. Globally, the bank posted a 41 per cent rise in operating income to reach USD18.5bn and announced a 17 per cent higher interim dividend of USD0.24 per share.

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