Business
SCPLC Half Year Results 2024 - Part 1
SCPLC Half Year Results 2024 - Part 1.
About this update from Standard Chartered Plc
[{"type":"text","content":"\n\nStandard Chartered PLC - Half Year Results 2024 - Part 1\nTable of content\n\n\n\n\nPerformance highlights\n\n\n2\n\n\n\n\nStatement of results\n\n\n5\n\n\n\n\nGroup Chief Executive's review\n\n\n6\n\n\n\n\nGroup Chief Financial Officer's review\n\n\n9\n\n\n\n\nSupplementary financial information\n\n\n18\n\n\n\n\nUnderlying versus reported results reconciliations\n\n\n26\n\n\n\n\nAlternative performance measures\n\n\n28\n\n\n\n\nGroup Chief Risk Officer's review\n\n\n30\n\n\n\n\n \n \n \n \nUnless another currency is specified, the word 'dollar' or symbol '$' in this document means US dollar and the word 'cent' or symbol 'c' means one-hundredth of one US dollar.\nThe information within this report is unaudited.\nUnless the context requires, within this document, 'China' refers to the People's Republic of China and, for the purposes of this document only, excludes Hong Kong Special Administrative Region (Hong Kong), Macau Special Administrative Region (Macau) and Taiwan. 'Korea' or 'South Korea' refers to the Republic of Korea.\nWithin the tables in this report, blank spaces indicate that the number is not disclosed, dashes indicate that the number is zero and nm stands for not meaningful. Standard Chartered PLC is incorporated in England and Wales with limited liability. Standard Chartered PLC is headquartered in London.\nThe Group's head office provides guidance on governance and regulatory standards. Standard Chartered PLC stock codes are: HKSE 02888 and LSE STAN.LN.\n \n \n \n \nPage 1\n\n\n\nStandard Chartered PLC - Results for the first half and second quarter ended 30 June 2024\nAll figures are presented on an underlying basis and comparisons are made to 2023 on a reported currency basis, unless otherwise stated. A reconciliation of restructuring and other items excluded from underlying results is set out below.\nBill Winters, Group Chief Executive, said:\n\"We produced a strong set of results for the first half of the year, demonstrating the value of our franchise as a cross-border corporate and investment bank and a leading wealth manager for affluent clients. We generated double-digit income growth, with positive momentum continuing into the second quarter, and with continued discipline in managing our expenses. This led to a 20% growth in underlying profit before t...