Concerns grow over BOCHK as earnings soar

Earnings at Bank of China (Hong Kong) hit a record last year, but analysts are concerned about margin pressure and weaker revenue growth.

Net profit rose 2.4 per cent to HK$20.9 billion. Of this, HK$9.6 billion came in the second half of the year, 13.8 per cent less than in the first half.

Excluding adjustments for provisions related to Lehman Brothers products, full-year earnings jumped 14.9 per cent.

via Business feed http://www.scmp.com/business/banking-finance/article/1200614/concerns-grow-over-bochk-earnings-soar