Pre-tax profit dropped in the first quarter for British lender HSBC Holdings Plc compared to the same period of the previous year, the bank reported on Tuesday. HSBC reported that its first-quarter profit before tax dropped to $12.65 billion from last year's $12.89 billion. Profit after tax was $10.84 billion, compared to $11.03 billion a year ago. However, earnings per share grew to $0.54 from last year's $0.52 on lower share count. The latest results included a $4.8 billion gain following the
Profit before Tax for the year Rs. 2,328 Mn, up by 258% Net Interest Income for the year Rs. 10,302 Mn, up by 9% Net Trading Gains for the year Rs. 1,027 Mn, up by 823% Total Assets Rs. 233 Bn, grew by 12% Operating Profit for the year Rs. 3,326 Mn, up by.
Global steel prices were elevated amid high demand, hurting companies which manufacture machinery and equipment, as steel is a key component in their making.
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