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Lower provisions fuel HSBC profit gain

Article Abstract:

HSBC Holdings PLC reported an improvement of 10% in its pretax profits for the first-half of 1999. The company was expected to see a decline in its earnings during the period. HSBC posted $4.07 billion (3.80 billion euros) in profits. During the same period in 1998, HSBC posted $3.69 billion. Analysts had predicted that the global bank would post a decline of 5%.

Comment:

Reports improvement of 10% in pretax profits for first-half of 1999

Author: Guyot, Erik

Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999

United Kingdom, Abstract, HSBC Holdings PLC

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Almanji posts profit decline

Article Abstract:

Almanji N.V. posted a drop of 54% in its 2001 third-quarter net profits. The Belgium-based holding company posted 93 million euros in net profits for the period.

Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001

Belgium, Profit, Profits, Almanij N.V.

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Subjects list: Banking industry, Commercial banks, Finance

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