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03 Aug 2021 | 07:01

StanChart resumes dividend, announces buyback as profits rise

(Sharecast News) - Standard Chartered reported a rise in first-half profits and said it was resuming dividends against an improving economic backdrop. The bank made pre-tax profits of $1.15bn in the second quarter, up 55% year on year and beating consensus analyst estimates of $1.1bn. For the first half of the year, Standard Chartered reported pre-tax profits of $2.56bn, a 57% jump from the same period in 2020.

It also announced a $250m share buyback and said it would pay an interim dividend of 3 cents per share.
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