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OCBC Q1 earnings beat forecasts

Net profit rose 11% to a record S$993 million, boosted by contributions from HK subsidiary


OCBC Bank reported a higher than expected net profit of S$993 million for Q1 2015, up 11 per cent from a year ago, boosted by contributions from its Hong Kong subsidiary.

The average of six analyst forecasts in a Bloomberg survey was S$911 million.

The record