The improvement from last year's figure of $147 million is attributed to a strong showing from its asset management wing which posted profits of $82.1 million â over double last year's operating profit.
Close Brothers' sale of its stake in a property investment and in Minrova International, which pulled in a net income of $28.8 million, also helped the bank's asset management wing to its healthy performance.
Meanwhile, the banking division's profits were up to $71.92 million from $70.93 million.
Commenting on the figures in a statement, Close Brothers CEO Colin Keogh, said: "Looking forward we expect a satisfactory underlying trading result in our second half with, again, some profitable investment realisations,"
The bank, whose year-on-year net income actually dropped to $139 million from $141 million, has recommended an interim dividend of 23 cents, an improvement of 14 per cent.