August 17, 2017 / 6:20 AM / 2 years ago

South Africa's Standard Bank lifts H1 profit by 11 percent

JOHANNESBURG, Aug 17 (Reuters) - Standard Bank, Africa’s No.2 lender by market value, reported an 11 percent rise in half-year profit on Thursday, as a rebound in commodity prices boosted demand for loans from clients in the oil and mining industry.

Headline earnings per share (EPS) totalled 746.4 cents in the six months to June compared with 671.2 cents a year earlier, South Africa-based Standard Bank said.

Headline EPS, the main profit measure in South Africa, strips out certain one-off, non-trading items. (Reporting by Tiisetso Motsoeneng; Editing by Edmund Blair)

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