Standard Chartered H1 Net Profit Up 12%

Standard Chartered PLC

reported a 12% rise in its first-half net profit. Standard Chartered's net profit for the period surged to $2.81 billion, versus $2.52 billion, in the year-ago period. The bank's revenue rose to $9.51 billion from $8.76 billion. Standard Chartered shares closed at $22.84 yesterday.