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URGENT ¥¥¥ Standard Chartered says 2012 net profit flat at $4.79 bn

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(GlobalPost/GlobalPost)

Standard Chartered on Tuesday posted net profit of US$4.79 billion for 2012 after the British lender was hit with a multi-million-dollar fine over a US sanctions probe.

The figure compared to a $4.75 billion net profit in 2011, the lender said in a filing to the Hong Kong stock exchange. Operating income rose eight percent to $19.07 billion.

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http://www.globalpost.com/dispatch/news/afp/130305/urgent-standard-chartered-says-2012-net-profit-flat-at-479-bn