LONDON: HSBC announced on Monday a 15.5-percent rise in annual net profits as the bank, Britain’s biggest, pushed on with a major cost-cutting program last year.

The group’s share price tumbled in London morning trade on news that pre-tax profits undershot analysts’ consensus forecast.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details