HONG KONG, May 8 (Reuters) – Standard Chartered said its first-quarter profit was likely to be down by a highsingle-digit percentage compared with last year, thanks toweakness in Asian currencies including the Indian rupee andIndonesian rupiah.
London-based Standard Chartered, which earns aboutfour-fifths of its income from Asia, said in its interimmanagement statement on Thursday that the group’s expenses wereflat on the same period last year.
The bank does not issue full quarterly numbers and releasesits earnings twice a year.
Income would be down by a low single-digit percentagecompared to the same year-ago period, the bank said. (Reporting by Lawrence White; Editing by Stephen Coates)
