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DBS Q3 profit up 17% at S$1.01b

Boost comes from higher margins and strong fee and trading income growth

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Published Fri, Oct 31, 2014 · 09:50 PM
    DBS

    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.

    DBSPiyush Gupta

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