Hang Seng Bank 1st Half Net Profit HK$9.84 Billion; Up 23% On Year
July 31 2017 - 1:02AM
Dow Jones News
By Chester Yung
Hang Seng Bank Ltd. (0011.HK) Monday reported a 23% rise for its
first half net profit, thanks to solid growth in both net interest
income and non-interest income.
Hang Seng Bank, a unit of HSBC Holdings PLC (0005.HK), said its
net profit for the six months ended June 30 rose to 9.84 billion
Hong Kong dollars (US$1.26 billion) from HK$8.01 billion a year
earlier, while its net interest income rose 7.4% to HK$11.81
billion.
The bank declared a second interim dividend of HK$1.20 per
share, bringing its total dividend to HK$2.40 for the first
half.
Write to Chester Yung at chester.yung@wsj.com
(END) Dow Jones Newswires
July 31, 2017 00:47 ET (04:47 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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