LONDON — HSBC has posted a pre-tax profit of USD17.2 billion (JOD12.3 billion) in 2017, saying its focus on Asia was driving growth.
The results represent a 141 per cent jump on the USD7.1 billion profit of the previous year.
"A large increase in reported profit before tax reflected both a healthy business and the non-recurrence of significant items from 2016," said group chairman Mark Tucker.
While a stark improvement on 2016's results, the profit is still lower than the USD18.9 billion reported in 2015, BBC reported.
(Petra)
