October 31, 2018 / 4:28 AM / 16 days ago

StanChart Q3 profit rises 31 pct, beating forecasts

HONG KONG/LONDON, Oct 31 (Reuters) - Standard Chartered reported on Wednesday a better than expected 31.3 percent rise in quarterly profit before tax, as the British lender attempts to bring down stubbornly high costs and boost flatlining revenues.

The bank posted a profit before tax of $1.1 billion in the three months ended Sept. 30, above the $814 million profit in the same period a year ago and higher than the $978 million average of analysts’ forecasts. (Reporting by Sumeet Chatterjee and Lawrence White; Editing by Muralikumar Anantharaman)

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