DBS First-Quarter Profit Falls 2% on Trading Losses (Update2)

Bloomberg.com
7 Mar 2008

May 7 (Bloomberg) -- DBS Group Holdings Ltd., Southeast Asia's biggest bank, said profit fell for a second straight quarter as losses in trading income offset gains from loans.

Net income dropped to S$603 million ($444 million) for the three months ended March 31, from S$617 million a year earlier, the bank said today in a statement to the Singapore exchange. That's higher than the S$572.5 million median estimate of six analysts surveyed by Bloomberg News.

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