HSBC Bank Malaysia reports 1st-half loss

Article Abstract:

HSBC Bank Malaysia Bhd. posted a loss in the first-half of 1999. The bank posted a 531.2 million ringgit (130.2 million euros) loss for the six-month period ending on June 30. The loss represented the first for HSBC in recent history. During the same period in 1998, the bank posted 21.2 million ringgit in profits. Retained earnings of 275 million ringgit were eliminated by the losses.

Malaysia, HSBC Bank Malaysia Bhd.

---

Chase's second-quarter net jumped 30%

Article Abstract:

Chase Manhattan Corp. posted an improvement of 30% in its net income for the second-quarter of 1999. Chase is the third-largest bank in the US. The bank reported $1.39 billion (1.34 billion euros) in quarterly net income. During the same period in 1998, Chase posted $1.07 billion. The bank's income increased 25% to $1.35 billion, not including one-time special items in both quarters.

Comment:

Posts improvement of 30% in net income for second-quarter of 1999

United States, Abstract, Chase Manhattan Corp.

---

Greece's Piraeus says profit surged during first half

Article Abstract:

Piraeus Bank announced that it posted an improvement in its pretax profits for the first-half of 1999. Piraeus's profits for the period reached 44.3 billion drachmas (136.5 million euros). According to the Greek-based bank, group profits for the year is expected to go beyond 75 billion drachmas. Group member Xiosbank doubled its profits to 7.8 billion drachmas.

Comment:

Posts improvement in pretax profits for first-half of 1999

Greece, Piraeus Bank S.A.

Similar abstracts:

• Abstracts: British Aerospace post 24% rise in profit before tax for first half
• Abstracts: British Biotech signals a shift in its strategies. Glaxo unveils manufacturing overhaul. Viagra poses dilemma for Europe's tradition of state-funded care
• Abstracts: Meat firm Pick looks appetizing to some analysts. MOL says profit soared in first 9 months of year. Hungary's Richter to buy drug firms for $1.46 billion
• Abstracts: Emap lifts first-half profit 16% and seeks to reassure investors. Tarmac's demerger proposals are passed
• Abstracts: Frankenstein foods. Genetically modified government. Who's afraid?

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.