HSBC Bank Malta p.l.c. Reports Unaudited Group and Bank Financial Results for the Half Year Ended June 30, 2018
HSBC Bank Malta p.l.c. reported unaudited group and bank financial results for the half year ended June 30, 2018. For the quarter, the group reported interest and similar income was €4,998,000 against €6,583,000 for the same period of last year. Net interest income was €54,107,000 against €60,298,000 for the same period of last year. Total operating income was €96,348,000 against €117,863,000 for the same period of last year. Net operating income before loan impairment charges was €74,418,000 against €82,507,000 for the same period of last year. Net operating income was €71,063,000 against €78,158,000 for the same period of last year. Profit before tax was €16,161,000 against €25,925,000 for the same period of last year. Profit for the period was €14,329,000 against €16,854,000 for the same period of last year. Earnings per share was €4.0 against €4.7 for the same period of last year. Net cash used in operating activities was €38,848,000 against inflow of €4,851,000 for the same period of last year. Purchase of property, plant and equipment and intangible assets was €749,000 against €600,000 for the same period of last year.
For the quarter, the bank reported interest and similar income was €4,986,000 against €6,484,000 for the same period of last year. Net interest income was €54,096,000 against €60,200,000 for the same period of last year. Total operating income was €79,831,000 against €73,609,000 for the same period of last year. Net operating income before loan impairment charges was €79,831,000 against €73,609,000 for the same period of last year. Net operating income was €76,476,000 against €69,260,000 for the same period of last year. Profit before tax was €25,030,000 against €20,726,000 for the same period of last year. Profit for the period was €20,305,000 against €13,475,000 for the same period of last year. Net cash used in operating activities was €48,122,000 against €17,487,000 for the same period of last year. Purchase of property, plant and equipment and intangible assets was €787,000 against €439,000 for the same period of last year.