Public Financial Holdings Limited Announces Consolidated Earnings Results for the Year Ended December 31, 2016
Public Financial Holdings Limited announced consolidated earnings results for the year ended December 31, 2016. For the year, the company reported interest income of HKD 1,667,695,000 against HKD 1,691,906,000 a year ago. Net interest income was HKD 1,338,832,000 against HKD 1,335,686,000 a year ago. Operating income was HKD 1,544,617,000 against HKD 1,561,340,000 a year ago. Operating profit before impairment allowances was HKD 751,682,000 against HKD 771,527,000 a year ago. Profit before tax was HKD 495,659,000 against HKD 506,309,000 a year ago. Profit for the year attributable to owners of the company was HKD 406,561,000 against HKD 422,955,000 a year ago. Basic and diluted earnings per share were HKD 0.370 against HKD 0.385 a year ago.