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48435 HS-HSI @L 2212C (X)
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25/10/2021 12:11

HSBC (00005) 3Q reported profit after tax up 108%

[ET Net News Agency, 25 October 2021] HSBC Holdings plc (00005) said for 3Q21, reported
profit after tax up USD2.2bn to USD4.2bn (a year-on-year increase of 108%) and reported
profit before tax up USD2.3bn to USD5.4bn (a year-on-year increase of 76%). The increase
was driven by a release of expected credit losses and other credit impairment charges
(ECL) and a higher share of profit from associates.
Reported revenue up 1% to USD12bn, including a favourable foreign currency translation
movement. (RC)

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