NRA Capital Pte Ltd

Written by: Lynn Look

Tuesday 28 Jul 2015

DBS - Interim results

Record high earnings

DBS reported a 15% y-o-y rise to a record net profit of S$1.1bn for 2Q 2015, just a shade below 1Q15. The results annualised would be better than our full year projection of S$4.1bn due to higher than expected trading income. We have revised up our full year net profit forecast by 4% to S$4.3bn to factor in the higher trading income. Profit forecasts for FY16/17 however remained unchanged.

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