DBS Group’s Second-Quarter Profit Misses Estimates as Trading Income Drops

Bloomberg, 28 Jul 2011
DBS Group Holdings Ltd. (DBS), Southeast Asia’s largest bank, posted second-quarter earnings that missed analysts’ estimates as trading income fell 47 percent and loan profitability shrank.
Net income was S$735 million ($610 million), compared with a loss of S$300 million a year earlier when it booked a goodwill impairment charge at its Hong Kong unit, the Singapore-based lender said in a statement to the stock exchange. That’s less than the S$750 million average of six analysts’ estimates compiled by Bloomberg. Full story

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