[ET Net News Agency, 23 February 2021] HSBC Holdings plc (00005) said for 2020,
reported profit after tax down 30% to US$6.1bn and reported profit before tax down 34% to
US$8.8bn from higher expected credit losses and other credit impairment charges and lower
revenue, partly offset by a fall in operating expenses.
Reported revenue down 10% to US$50.4bn, primarily due to the progressive impact of lower
interest rates across our global businesses, in part offset by higher revenue in global
markets.
After considering the requirements set out in the UK Prudential Regulation Authority's
temporary approach to shareholder distributions for 2020, the board has announced an
interim dividend for 2020 of US$0.15 per ordinary share, to be paid in cash with no scrip
alternative. (RC)
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00005 HSBC HOLDINGS
Nominal 
68.950 +0.400 (+0.584%) Result Announcements
23/02/2021 12:05
HSBC (00005) year reported profit after tax down 30%
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