First-half profit up at British bank Standard Chartered

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Profit has increased year-on-year at British bank Standard Chartered Plc for the first six months of the year. Standard Chartered reported on Friday that its first-half profit before tax went up 8% to $2.77 billion from last year’s $2.56 billion. Earnings per share increased to 62.1 cents from 54.8 cents a year ago. Underlying Profit before taxation grew to $2.82 billion from prior year’s $2.68 billion. Underlying earnings per share were 63.4 cents, compared to 58.3 cents last year. Operating income increased 8% to $8.23 billion from $7.63 billion in the previous year. Income grew 10% at const…

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