Standard Chartered first-half profit up 12%

Standard Chartered has posted a 12 per cent increase in net profit for the first six months of the year.

For the six months ending June 30, Standard Chartered reported a net profit of $2.8 billion compared to $2.5 billion a year earlier.

During the six-month period, Standard Chartered's operating profit was up 11 per cent to $4.55 billion, with Hong Kong contributing $922 million, followed by Pacific (including China) at $850 million.

Just 11 per cent of Standard Chartered's operating profit came from Europe. (With Agency Inputs)