BOC Hong Kong Records Higher Attributable Profit in H1

MT Newswires Live09-06

BOC Hong Kong (Holdings) (HKG:2388, HKG:82388) recorded a profit attributable to equity holders of HK$20.04 billion for the six months ended June 30, higher than HK$17.00 million logged for the corresponding period last year, a Friday filing with the Hong Kong Exchange said.

Earnings per share stood at HK$1.8954 for the reporting period, compared to HK$1.6077 recorded for the year-ago period.

The bank's net interest income for the first half of this year was HK$25.98 billion, higher than HK$23.21 billion booked a year ago.

The company attributed the increase in net interest income to a growth in average interest-earning assets and availing the rising market interest rates.

The board recommended an interim dividend of HK$0.570 per share for the reporting period compared to HK$0.527 declared for 2023.

Price (HKD): $24.30, Change: $+0.20, Percent Change: +0.83%

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