BOCHK (2388) year net down 44% to HK$31.07bn; div HK75.8 cts
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BOC Hong Kong (02388) said its profit attributable to equity holders for the year ended 31 December 2017 dropped 44.4% year-on-year to HK$31,070 million. Basic and diluted earnings per share were HK$2.9387. Profit attributable to equity holders from continuing operations increased 15.9% year-on-year to HK$28,481 million. The Group's net interest income rose 33.4% year-on-year to HK$34,708 million. Net interest margin was 1.57%, up 24 basis points. The classified or impaired loan ratio was 0.18% as at 31 December 2017, down 0.05 percentage point from the end of last year. Classified or impaired advances to customers decreased by HK$203 million, or 8.9%, to HK$2,079 million. The proposed final dividend is HK75.8 cents (2016: HK62.5 cents) per share, payable on 16 July. |
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