India, May 2 -- British lending major Standard Chartered Plc (SCBFF.PK,STAC.L,STAN.L) reported Friday higher first-quarter profit, with growth in operating income. Further, the company confirmed fiscal 2025 outlook.
For the quarter, profit before taxation was $2.10 billion, up from last year's $1.91 billion. Earnings per share grew to 56.6 US cents from prior year's 46.5 US cents.
Underlying profit before tax was $2.28 billion, higher than $2.13 billion last year. Underlying earnings per share improved to 62.7 US cents from 52.9 US cents a year ago.
Operating income was $5.38 billion, higher than last year's $5.13 billion. Underlying operating income was $5.39 billion, compared to $5.15 billion a year ago.
Operating income was up 7 perc...