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UOB's Q2 profit beats forecast

Better results on the back of higher net interest income, investment gains

Published Thu, Jul 31, 2014 · 10:00 PM
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UNITED Overseas Bank yesterday posted better than expected second-quarter net profit of S$808 million, up 3.2 per cent from a year ago on the back of higher net interest income and investment gains.

The earnings were 2.5 per cent higher than those for Q1 2014.

The result was above the S$764 million mean estimate of seven analysts polled by Reuters.

Annualised earnings per share rose to S$1.97, from S$1.96 for Q2 2013 and S$1.94 for Q1 2014.

UOB declared an interim…

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