HSBC Holdings (00005) said its profit before tax for the year ended 31 December 2016 dropped 62.3% year-on-year to US$7,112 million.
Adjusted profit before tax amounted to US$19,300 million, a decrease of 1.2% from a year earlier.
The reported revenue was US$47,966 million, down 19.8% year-on-year.
The profit attributable to ordinary shareholders of the parent company was US$1,299 million, a decrease of 89.7% year-on-year.
As at 31 December 2016, HSBC's common equity tier 1 was 13.6%, up from 11.9% a year earlier.
After the end of the year, the HSBC Directors declared a fourth interim dividend in respect of the financial year ended 31 December 2016 of US$0.21 per ordinary share, a distribution of about US$4,172m. The fourth interim dividend will be payable on 6 April 2017.
The Board has also determined to return to shareholders up to a further US$1 billion by way of a share buy-back which is expected to complete in the first half of 2017. This takes announced buy-backs since the second half of 2016 to US$3.5 billion following the successful sale of its Brazil business.
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