Haitong International 1H21 net profits reach five-year high; upgrade of private WM to continue

26 August 2021 | 2 minutes read

Haitong International’s 1H21 net profits soared to a five-year high of HK$1.08 billion (US$140 million), up 107% YoY from HK$521 million. Announcing its interim results on Wednesday, the firm said 1H21 revenue was HK$3.84 billion, up 9% YoY, while its fee-based business enjoyed significant growth too. Total fee income increased 39% YoY and reached HK$1.66 billion, also hitting a five-year…

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