HSBC profits fall 3.8% in second quarter

GMT 05:22 2015 Monday ,03 August

Arab Today, arab today HSBC profits fall 3.8% in second quarter

HSBC profits
Hong Kong - Arab Today

HSBC announced Monday that net profit fell 3.8 percent in the three months to June, as the company agreed to sell its Brazilian business for $5.2 billion to Brazil's Bradesco bank.

In the first half of 2015 net profit dropped 1.3 percent, although the company emphasised a rise in pre-tax profits, which rose 10 percent over the six months.

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