Standard Chartered PLC (HK:2888) reported a 35% year-on-year jump in net profit for the third quarter and a 33% hike for the first nine months of 2018.
The positive earnings drove its shares in Hong Kong up 1.83% to HK$55.65 on Thursday morning.
The company’s net profit jumped to $752 million in the third quarter of this year from $557 million in the same period in 2017. Its net profit also went from $1.763 billion in the first nine months in 2017 to $2.345 billion in the same period this year.
It also posted a 5% year-on-year increase in operating income for the first nine months of the year to $11.373 from $10.8 billion. Operating income in the third quarter hit $3.724 billion, up 4% from $3.589 billion in 2017.
The largest sources of income in the third quarter were Greater China and North Asia, accounting for $1.55 billion, followed by ASEAN and South Asia.
