BOC Hong Kong: 1st Half Net Profit HK$17.22 Billion

BOC Hong Kong (Holdings) Ltd. (2388.HK) Wednesday reported its first-half net profit fell to 17.22 billion Hong Kong dollars (US$2.2 billion) from HK$42.84 billion a year earlier, as earnings in the previous year were buoyed by a one-off disposal gain.

The Hong Kong-listed bank, a unit of Bank of China Ltd. (3988.HK) said the net profit for the six months ended June from its continuing operations rose 25% on year to HK$14.63 billion, while its first-half net interest income rose 41% to HK$16.88 billion due to wider net interest margin.

The bank declared an interim dividend of HK$0.545 per share and a special dividend of HK$0.095 per share.

Separately, BOC Hong Kong said it appointed Chen Siqing as the bank's chairman with immediate effect.

Write to Chester Yung at

(END) Dow Jones Newswires

August 30, 2017 05:46 ET (09:46 GMT)