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Standard Chartered Group Posts $1.1b Profit in 2016

Mar 2, 2017 - The Guardian (London)

Standard Chartered Plc (Group), the parent company of Standard Chartered Bank of Nigeria, has posted a profit before tax of $1.1 billion, in 2016 financial year.

The result represents an increase of $300 million from $800 million in 2015, while the group's operating expenses at $10 billion, showed a five per cent reduction from 2015 record and lower for the second year running.

However, the group's Operating income of $13.8 billion showed an 11 per cent decline from 2015 record, but

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