HSBC Holdings Plc (LON: HSBA) has released its Annual Results for 2019.

  • Company’s reported profit attributable to ordinary shareholders declined by 53 per cent to $6.0 billion. It depicted the impact of the goodwill impairment of $7.3 billion.
  • The reported profit before tax declined by 33 per cent to $13.3 billion, while the reported revenue moved up by 4 per cent.
  • The reported operating expenses went higher by 22 per cent due to the goodwill impairment.
  • Adjusted revenue of the company improved by 5.9 per cent to $55.4 billion.
  • On 18th February 2020, at the time of writing, GMT 08:30 AM, HSBA shares were trading at GBX 564.30, down by 26.40 points or 4.47% against the previous day closing price.


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