Reports
BOC Hong Kong Logs Rise In Q1 Pre-Impairment Profits
BOC Hong Kong yesterday said operating profit before impairments was HK$7.837 billion ($1.01 billion) in the first three months of 2014, up 6.1 per cent from the previous quarter and a rise of 12.1 per cent from a year earlier.
BOC Hong Kong yesterday said operating profit before impairments was HK$7.837 billion ($1.01 billion) in the first three months of 2014, up 6.1 per cent from the previous quarter and a rise of 12.1 per cent from a year earlier.
Net operating income before impairment rose 10.8 per cent year-on-year to HK$10.8 billion, the bank said in a statement.
Operating expenses, at HK$3.047 billion, rose 7.4 per cent from
the same quarter of 2013, it said.
BOC Hong Kong (Holdings is a subsidiary of Bank of China Limited,
which holds around 66.06 per cent equity interest in the company.
