Edition:
India

Bank of East Asia Ltd (0023.HK)

0023.HK on Hong Kong Stock

30.50HKD
18 Jul 2018
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Thu, Feb 22 2018

RPT-UPDATE 1-HK-based Bank of East Asia's 2017 profit soars on asset sales

HONG KONG, Feb 22 Hong Kong-based Bank of East Asia Ltd (BEA) posted a near tripling in profit in its full fiscal year, beating street estimates, bolstered by a sharp jump in income from the sale of some non-core assets as well as a drop in impairment losses.

UPDATE 1-HK-based Bank of East Asia's 2017 profit soars on asset sales

* Chairman says will boost asset quality, fee income in 2018 (Adds earnings details, chairman comments)

HK-based Bank of East Asia's 2017 profit soars on asset sales

HONG KONG, Feb 22 Hong Kong-based Bank of East Asia Ltd (BEA) posted a near tripling in profit in its full fiscal year, beating street estimates, bolstered by a sharp jump in income from the sale of some non-core assets as well as a drop in impairment losses.

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