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Tax expense drags UOB down in Q1
Add BT as a preferred sourcePublished Thu, Apr 30, 2015 · 09:50 PM
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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 period.
Net profit for the three months ended March 31, 2015 stood at S$801 million, up from S$788 million a year ago.
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