hsbc profits up fivefold in third quarter
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

HSBC profits up five-fold in third quarter

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice HSBC profits up five-fold in third quarter

HSBC
Hong Kong - Emirates Voice

HSBC said Monday that profits were up more than five-fold in the third quarter as its Asia business drives higher returns.

Reported pre-tax profit jumped to $4.6 billion in the three months to the end of September, compared with $843 million in the same period in 2016.

The Asia-focused giant has been on a recovery drive over the past two years to streamline the business and slash costs, and has laid off tens of thousands of staff.

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