Haitong International Securities (0665) reported first-half net profit fell by 50 percent year-on-year to HK$520 million. Revenue fell by 14 percent to HK$3.52 billion. The commission and fee income grew by 31 percent to HK$1.2 billion. Interest income fell by 3 percent to HK$1.36 billion. The likely cause is that the global economy will face headwinds in the second half, it said in a statement.

Source: The Standard August 21, 2020 14:03 UTC