StanChart Q3 Profit Doubles
StanChart Q3 Profit Doubles

StanChart Q3 Profit Doubles

StanChart Q3 Profit Doubles

Standard Chartered Plc. reported Wednesday that its third-quarter profit before tax more than doubled to $774 million from $317 million last year, RTTNews reported. Underlying profit before tax was $814 million in the third quarter, up 78% from $458 million a year ago. The company said loan impairment of $348 million was 42% lower year-on-year reflecting improved credit quality. Income of $3.59 billion in the quarter was up 4% from $3.47 billion a year earlier. Expenses grew 4% from last year to $2.5 billion largely as a result of accelerated investments.


Short URL : https://goo.gl/TqMFA3
  1. https://goo.gl/ix1LWq
  • https://goo.gl/C3652W
  • https://goo.gl/kfqYpd
  • https://goo.gl/Bto6qy
  • https://goo.gl/oUmXpi

You can also read ...

India’s economy has the potential to grow at 8% over the next 20 years.
A new UN report flags subdued private investment in India as a...
Southeast Asia Internet Economy to Reach $50b
Digital businesses can’t afford to ignore Southeast Asia,...
The Norges Bank, Fed, BoE, ECB and SNB collectively set borrowing costs for more than a third of the world economy.
Wall Street economists are telling investors to brace for the...
Afghan Reforms Showing Progress
The International Monetary Fund has praised the Afghan...
Fears of Bubble in World’s Biggest Stocks
The world’s biggest companies could be hiding the biggest...
Petrol prices are set to increase by about 80%.
Saudi Arabia plans to raise domestic petrol and jet fuel...
Russia: Sanctions Worst Form of Protectionism
Russian economy minister has urged the World Trade...
That decision to leave the EU prompted a sharp 15% fall in the pound, which raised the cost of imported goods, notably food and oil.
Consumer price inflation hit a near six-year high of 3.1% in...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.