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DBS Group Reports Upbeat Q4 Net Profit

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DBS Group Holdings Ltd (OTC: DBSDY) reported an 8% rise in its fourth-quarter net profit.

DBS Group's quarterly net profit climbed to S$731 million, from S$678 million, in the year-ago period. However, analysts were expecting a net profit of S$692.6 million.

DBS Group's net interest income surged 17% to S$1.29 billion, from S$1.11 billion. Its non-interest income gained 0.5% to S$626 million, versus S$623 million.

DBS Group's expenses surged 13% to S$885 million from S$780 million.

DBS Group shares closed at $43.30 yesterday.

 

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