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Tuesday, 21 February 2017

Stock Market; HSBC's 2016 Revenues Fall 89.67%

HSBC announced on Tuesday a fall of 89.67% in net profit for 2016, amounting to $1.3 billion, a statement said. Its pre-tax profit was down by 62.3% 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% less than 2015.

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