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HSBC H1 profit rises 5%, announces up to US$2b share buyback


HONG KONG: HSBC Holdings Plc on Monday said profit rose 5% in the first half of the year, beating analyst estimates, and announced its third share buyback in the past year on the back of a growing capital base.

Pre-tax profit reached US$10.2 billion in the six months through June, from US$9.7 billion in the same period a year earlier, HSBC said in a statement. The result compared with the US$9.5 billion average estimate of analysts polled by the bank.

Corporate News , Banking

   

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