HSBC Holdings Plc’s Reported Profit Before Tax In Asia Up 4 Per Cent to US $4.7 Billion In Q3 2019

  • Oct 28, 2019 GMT
  • Team Kalkine
  • The company highlighted profit before tax (PBT) in the Asia Region increased by 4 per cent to US $4.7 billion in Q3 2019, due to a robust performance in Hong Kong.
  • Increase in both loans and advances to customers and customer accounts, up by 4 per cent and 2 per cent year on year as compared to Q3 2018.
  • Commercial Banking as well as Retail Banking businesses displayed a revenue surge in the quarter.
  • On 28th October 2019, at 08:50 AM GMT, while writing, HSBC Holdings Plc’s shares traded at a price of GBX 595.10 per share, a decline of 3.61 per cent or GBX 22.30 per share compared to the last day’s closing price which was reported to be at GBX 617.40 per share

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