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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ HSBC reports a net profit of $ 12.6 billion in 2018

HSBC reports a net profit of $ 12.6 billion in 2018



Europe's largest bank reported net profit jumped 30 percent in 2018 from the previous year to $ 12.6 billion. to a profit of 53.8 billion dollars.

Profit before tax rose 16% to 19.9 billion dollars, but lags behind analysts' forecasts. For the fourth quarter, adjusted earnings before tax were $ 3.4 billion, also below forecasts

Market adjustments at the end of 2018 affected HSBC and many other banks. Net profit for the quarter from October to December is $ 1.5 billion

HSBC is undertaking a corporate repair to increase profitability by focusing on high-growth markets in Asia while removing businesses and workers in other countries . In 201

8, Asia holds 89.5% of the pre-tax profit.


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