DBS Group Q1 Net Profit Surges

Loading...
Loading...
Singapore's
DBS Group Holdings Ltd. (ADR)DBSDY
reported a 10 percent gain in its net profit for the first quarter. DBS Group's quarterly net profit rose to 1.13 billion Singapore dollars (US$851 million), versus a year-ago profit of S$1.03 billion. Including a one-time gain, the company's net profit climbed to S$1.269 billion from S$1.231 billion. Its net interest income climbed 14 percent to S$1.69 billion, while net interest margin widened to 1.69 percent from 1.66 percent. Non performing loans ratio shrank to 0.9 percent in the latest quarter, versus 1.0 percent. Its total assets climbed 9.0 percent to S$456.65 billion in the quarter. Customer loans increased 11 percent to S$280.81 billion.
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...