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DBS Q1 earnings up 30% at $1.23b

Excluding one-time items, core net profit rises 9% to record $1.03b, beating expectations

GOOD FIGURES All 3 local banks reported an increase in their net profits for Q1. - PHOTO: REUTERS

Singapore DBS Group Holdings yesterday posted better-than-expected first-quarter earnings, with core net profit up 9 per cent at a record $1.03 billion as it enjoyed higher loan volumes with improved margins. Six analysts had an average forecast of $857 million as polled by Reuters. It was the