HSBC profits up 34 per cent

HSBC Bank Malta plc and its subsidiaries recorded a pre-tax profit on ordinary activities of Lm12.7 million for the six months ending on June 30. The figure, published yesterday by the Malta Stock Exchange, represents an increase of Lm3.2 million, or...

HSBC Bank Malta plc and its subsidiaries recorded a pre-tax profit on ordinary activities of Lm12.7 million for the six months ending on June 30.

The figure, published yesterday by the Malta Stock Exchange, represents an increase of Lm3.2 million, or 34.2 per cent, over the pre-tax profits of Lm9.5 million in the same period last year.

Earnings per share increased to 23.2 cents compared to 19.3 cents for the same period last year.

Profit of Lm8.5 million attributable to shareholders were up by Lm1.4 million, or 20.4 per cent, over the same period in 2002.

Shareholders funds increased by Lm7.2 million to Lm124.2 million.

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