Bank of East Asia shares rally in Hong Kong on 60pc profit rise

Published: 25/08/2017
Bank of East Asia shares rally in Hong Kong on 60pc profit rise
Source: WWW.SCMP.COM

Shares in Bank of East Asia, one of Hong Kong’s two remaining family run lenders, rose by 3 per cent in afternoon trading in response to the strong interim earnings published by the bank at noon. The bank posted profits from its continuing operations in the first half of HK$3.17 billion (US$405 million), up 60 per cent compared to the same period a year earlier. The improvement was down to t

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