Market Overview

DBS Group Q3 Net profit Up 10%

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DBS Group Holdings Ltd (OTC: DBSDY) posted a 12% rise in its Q3 net profit.

DBS Group's quarterly net profit surged to 856 million Singapore dollars (US$701.3 million), from S$762 million, in the year-ago period. However, analysts were expecting a profit of S$793.8 million.

Its net-interest income gained 10% to S$1.33 billion from S$1.21 billion. However, total noninterest income declined 11% to S$672 million from S$754 million.

DBS Group shares closed at $45.55 yesterday.

 

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