HSBC 1st half pre-tax profit up 4.6 pct on strong growth

    UNB: Global bank HSBC reported Monday that its pre-tax profit in the first half of the year rose 4.6 percent as its strategy focused on growing markets paid off.The London-based bank’s $10.7 billion pre-tax profit in January-June compared with $10.2 billion a year earlier. Quarterly pre-tax profit surged to $5.96 billion from $4.8 billion in April-June 2017.

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