HSBC Holdings (00005) said its profit attributable to shareholders of the parent company for the first quarter of 2016 dropped 18.2% year-on-year to US$4,301 million.
Basic and diluted earnings per ordinary share were US$0.2.
Profit before tax amounted to US$6,106 million, down 13.5% year-on-year. Adjusted profit before tax fell 18% to US$5,434 million.
Adjusted revenue was down 4% to US$13,914 million in challenging market conditions, This was mainly in GB&M (FX, Equities and Credit) and RBWM (life insurance manufacturing), partly offset by continued momentum in CMB.
CET1 ratio remained strong at 11.9%. Leverage ratio remained strong at 5%.
For the quarter ended 31 December 2015, HSBC reported a loss before tax of US$858 million.
The Board announces a first interim dividend for 2016 of US$0.1 per ordinary share, payable on 6 July 2016.
03/05/2016 12:26
HSBC (00005) 1Q profit before tax down 14% to US$6.11bn
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