HFEL: Asia Pacific profits prove resilient during Covid-19 recession

Companies in Asia Pacific dipped by 4%

clock • 2 min read
Companies in Asia Pacific performed well compared to global peers in the pandemic
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Companies in Asia Pacific performed well compared to global peers in the pandemic

Companies in Asia Pacific ex-Japan saw profits dip by just 4% amid the fallout of the coronavirus pandemic, compared to a global pre-tax profit decline of 23.4% to £2.2tn in 2020, according to research from investment trust Henderson Far East Income (HFEL).

The UK was the hardest hit, with pre-tax profits down by 81%, while Europe also saw a significant impact. The US and Canada were less badly affected, and Japan saw a negligible effect. HFEL analysed...

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