5 August 2013 Last updated at 04:43 ET
The bank said it had shaved 8% from its underlying costs during the period
HSBC has seen profits rise in the first half of the year despite a drop in revenues as it streamlined its business and cut operating costs.
Pre-tax profit at the bank rose 10% to $14.1bn (£9.2bn), despite a 7% drop in revenues to just under $35bn.
The bank said it had shaved 8% from its costs, helped by the sale of non-core businesses.
"We have successfully progressed the repositioning of the business," said chief executive Stuart Gulliver.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23572499#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
