HSBC profits up by 28pc at $5.9b in Q3

HONG KONG, Oct 29 (AFP): Banking giant HSBC said on Monday that pre-tax profit rose 28 per cent to $5.92 billion in the third quarter, boosted by "strong revenue growth" in its main global businesses.

Adjusted pre-tax profit rose 16 per cent year-on-year to $6.2 billion, reflecting revenue growth that was partly offset by a rise in operating expenses, the bank said.

"The strong revenue environment continues to enable us to invest in growth and in the simplification of the organisation to make it easier for our customers to bank with us and for colleagues to do their jobs," said chief executive.