Monday, July 30, 2007

HSBC says profits up 13 pct

(Reuters) - Pretax profit rose to $14.16 billion for the half-year from $12.52 billion a year ago and ahead of an average forecast of $13.27 billion from a Reuters Estimates poll of nine analysts.




The bank said its result benefited from a gain of $1 billion from the dilution of a holding in its mainland China associates and that pretax profit was up 5 percent excluding that gain.


Read more at Reuters.com Business News

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