CITIC Limited Half-Year Report 2019

29 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 Consolidated Income Statement Unaudited Six months ended 30 June 2019 2018 Note HK$ million HK$ million Interest income 147,706 139,019 Interest expenses (80,245) (76,806) Net interest income 5(a) 67,461 62,213 Fee and commission income 38,294 32,300 Fee and commission expenses (3,365) (2,986) Net fee and commission income 5(b) 34,929 29,314 Sales of goods and services 5(c) 165,233 155,244 Other revenue 5(d) 9,553 11,552 174,786 166,796 Total revenue 277,176 258,323 Cost of sales and services 6, 9 (135,753) (126,526) Other net income 7 2,165 3,067 Expected credit losses (39,877) (31,696) Impairment losses (311) (249) Other operating expenses 9 (47,938) (46,859) Net valuation gain on investment properties 342 543 Share of profits of associates, net of tax 4,394 4,030 Share of profits of joint ventures, net of tax 2,185 1,312 Profit before net finance charges and taxation 62,383 61,945 Finance income 1,355 805 Finance costs (6,544) (6,153) Net finance charges 8 (5,189) (5,348) Profit before taxation 9 57,194 56,597 Income tax 10 (10,024) (11,797) Profit for the period 47,170 44,800