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Standard Chartered operating profit rises 10 percent

Income increased 14 percent to...

August 4, 2009 3:34 by

For the first quarter of the year, Standard Chartered announced that it saw income increasing 14 percent to $7.96 billion and operating profit before tax rising 10 percent to $2.84 billion. The company attributed the growth to momentum in wholesale banking and restructuring initiatives in consumer banking.

The Board of Directors has also announced an interim dividend of 21.23 cents per share, up 10 per cent, said a release from the company.

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