DBS posts 3% drop in Q4 profit to S$2.27b; full-year earnings hit record S$10.06b
The bank is proposing a higher dividend of S$0.54 per share and 1-for-10 bonus issue
DBS : D05 0% reported net profit of S$2.27 billion for the fourth quarter ended December, 3 per cent lower than the S$2.34 billion recorded in the year-ago period.
The net profit, which included one-off costs, missed a S$2.39 billion consensus forecast in a Bloomberg survey of two analysts.
Excluding one-time items costs from the acquisition of Citigroup’s Taiwan consumer banking business and a S$100 million corporate social responsibility commitment to charitable causes, net profit would have been S$2.39 billion, up 2 per cent on year.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Stocks to watch: NetLink NBN Trust, Centurion, No Signboard
Haidilao restaurant operator Super Hi prices US IPO at US$19.56 per share
Chinese EV giants hammered by Biden tariff are welcome in Brazil
Hong Kong’s shaky crypto ETF debuts dent global hub aspirations
OpenAI, Reddit sign partnership on ChatGPT, AI products, ads
US Fed officials suggest interest rates should stay high for longer