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HSBC 2015 net profit down 1.2% at US$13.52b

Monday, February 22, 2016 - 12:43

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Global banking giant HSBC announced Monday that its net profit for 2015 dropped by 1.2 per cent to US$13.52 billion from the previous year after what it called "seismic shifts" in the world economy.

[HONG KONG] Global banking giant HSBC announced Monday that its net profit for 2015 dropped by 1.2 per cent to US$13.52 billion from the previous year after what it called "seismic shifts" in the world economy.

Group chairman Douglas Flint described the performance as "broadly satisfactory" in a statement, although the bank's pre-tax profit of US$18.9 billion missed analysts' forecast of US$21.8 billion.

AFP

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