DBS Q3 profit up 17% at S$1.01b

Singapore

DBS Group Holdings posted robust third-quarter results on Friday with net profit rising 17 per cent from a year ago to S$1.01 billion, helped by higher margins and strong growth in fee and trading income. Compared to the second quarter, net profit was 4 per cent higher for South-east Asia's biggest bank.

The earnings exceeded an average forecast of S$971 million from five analysts polled by Reuters.

Total income rose 17 per cent to a record S$2.51 billion as ne…