Market Overview

My goal is to be on stage with my computer and let you
see my screen and make sure you know what buttons to
press, where you’re getting in & out, how to calculate
risk, your targets — all of those things.
It’s real-life trading. Make sure you sign up!
- Jerremy Newsome

Oversea-Chinese Banking Q1 Profit Drops 16%


Singapore's Oversea-Chinese Banking (OTC: OVCHF) reported a 16% drop in its net profit after tax in the first quarter.

OCBC's quarterly net profit after tax fell to S$696 million, or $564 million, versus S$832 million, in the year-earlier period.

Its net interest income declined 4% to S$912 million, while operating expense increased 8% to S$672 million.

Posted-In: profitEarnings News


Related Articles (OVCHF)

View Comments and Join the Discussion!

Wacker Chemie Posts Lower Q1 Earnings

Gazprom 2012 Profit Declines 11%