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Tax expense drags UOB down in Q1

Friday, May 1, 2015 - 05:50

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United Overseas Bank (UOB) on Thursday performed a shade under market expectations with a 1.6 per cent rise in net profit for its first quarter, as a lift from gains in trading and fee income came amid increased tax expenses in the absence of a higher writeback in the year-ago period.

Singapore

UNITED Overseas Bank (UOB) on Thursday performed a shade under market expectations with a 1.6 per cent rise in net profit for its first quarter, as a lift from gains in trading and fee income came amid increased tax expenses in the absence of a higher writeback in the year-ago

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