Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . BEA 東亞 銀行 The Bank of East Asia , Limited 東亞 銀行 有限公司 ( Incorporated in Hong Kong with limited liability in 1918 ) ( Stock Code : 23 ) ANNOUNCEMENT OF 2021 INTERIM RESULTS INTERIM RESULTS The Board of Directors of the Bank is pleased to announce the unaudited results ( Note 1 ( a ) ) of the Group for the six months ended 30th June , 2021 . Consolidated Income Statement 6 months ended 30/6/2021 6 months ended 30/6/2020 Notes HK $ Mn HK $ Mn Interest income Interest income calculated using the effective interest method Other interest expense Interest expense Net interest income Fee and commission income Fee and commission expense Net fee and commission income Net trading profit Net result on financial instruments at FVTPL Net result on financial assets measured at FVOCI 3 8,887 11,809 9,403 11,928 ( 516 ) ( 119 ) + ( 3,364 ) ( 5,695 ) 5,523 6,114 5 1,969 1,854 ( 429 ) ( 419 ) 1,540 1,435 618 561 453 7 173 ( 106 ) 21 37 Net loss on sale of investments measured at amortised cost ( 13 ) Net hedging profit 9 Net insurance profit Non - interest income Other operating income 106 64 36 371 268 11 175 237 2,892 2,360 Operating income 8,415 8,474 Operating expenses 12 ( 4,647 ) ( 4,350 ) Operating profit before impairment losses 3,768 4,124 Impairment losses on financial instruments 13 ( 581 ) ( 2,675 ) Impairment losses on assets held for sale Impairment losses on intangible assets Impairment losses on associate Impairment losses Operating profit after impairment losses Net profit on sale of assets held for sale ( 2 ) 23 ( 220 ) ( 581 ) ( 2,902 ) 3,187 1,222 14 2 Net profit on disposal of subsidiaries / associates 341 Net loss on disposal of fixed assets 15 ( 22 ) ( 11 ) Valuation losses on investment properties 24 ( 123 ) ( 130 ) Share of profits less losses of associates and joint ventures 129 190 Profit for the period before taxation 3,171 1,614 Income tax 16 ( 474 ) ( 56 ) Profit for the period 2,697 1,558 Attributable to : Owners of the parent 2,671 1,532 Non - controlling interests Profit for the period Profit for the Bank Earnings per share Basic Diluted 26 26 2,697 1,558 2,305 2,496 1 ( b ) HK $ 0.78 HK $ 0.39 1 ( b ) HK $ 0.78 HK $ 0.39 -1-