STANCHART (02888.HK) announced the annual results for the year ended 31 December 2014. Operating revenue inched down 2.34% from a year earlier to US$18.234 billion. Profit attributable to ordinary shareholders slumped 37% year-on-year to US$2.512 billion, with EPS of US102.2 cents. Final dividend stayed constant at US 57.2 cents. Together with interim dividend, full-year pay-out amounted to US86 cents, staying flat as compared with the year-ago period.
During the period, after-tax profit tumbled 30.16% to US$4.235 billion, lower than the expected range of US$5.288 to US$6.007 billion of 13 brokers.
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