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HSBC says net profit plunged 96% in 2Q as pandemic took hold

HSBC says net profit plunged 96% in 2Q as pandemic took hold

HSBC’s net profit plummeted 96% in the second quarter of this year, while the first half year profit plunged 65%. The bank’s net profit was $192M in the April-June quarter, down from $4.37B reported in the same period last year. Net profit in the first quarter of the year was $1.79B. The bank reported profits of $4.3B in the half year to June 30, down from $12.4B in the same period in 2019.

Chris
Chris
8 2
8 2 1 months

This isn’t even news. “Mega-Corp still making a profit!” Most nointernet or delivery companies are losing money and many are going bankrupt.

David
David 1 months

Good. They can't disappear fast enough.

Amoneywilson
Amoneywilson 1 months

I was told that sky news is foreign version of Fox News. I said that just because they shared different opinion then yours that doesn’t make it right wing nor BS. Interesting article to be marked left.

FAKENEWSVOICE=CCP BIAS
FAKENEWSVOICE=CCP BIAS 1 months

Not virus but losing HK

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