HSBC s 2016 revenues fall 89.67%

London Feb 21 (IANS) HSBC announced on Tuesday a fall of 89.67 per cent in net profit for 2016 amounting to $1.3 billion a statement said.

Its pre-tax profit was down by 62.3 per cent to $7 122 million the company added in the statement Efe news reported.

The bank s revenues during the 2016 financial year were $47.966 billion 19.79 per cent less than 2015.

--IANS
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