[SINGAPORE] Southeast Asia's biggest lender, DBS Group Holdings
Ltd, posted a slight rise in quarterly net profit, managing to beat
expectations despite a tough quarter for its treasury business
.
Singapore-based DBS said it earned S$862 million (US$695 million) in the three months ended September, more than the S$828 million average forecast of six analysts polled by Reuters.
The result compared with S$856 million a year earlier, but was the second consecutive quarterly fall in profit excluding one-off items.
"The uncertain market outlook resulted in a paring of treasury activities," DBS said in a statement on Friday.
.
Singapore-based DBS said it earned S$862 million (US$695 million) in the three months ended September, more than the S$828 million average forecast of six analysts polled by Reuters.
The result compared with S$856 million a year earlier, but was the second consecutive quarterly fall in profit excluding one-off items.
"The uncertain market outlook resulted in a paring of treasury activities," DBS said in a statement on Friday.
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