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StanChart swings to FY'17 profit of $1.22B, restores dividend

Standard Chartered Plc reported full-year 2017 profit attributable to parent company shareholders of $1.22 billion, compared to a loss of $247 million in the year-ago period.

Net interest income grew year over year to $8.18 billion from $7.79 billion.

The company declared a dividend of 11 cents per ordinary share for 2017, having paid none for the previous year.

More details to follow.