for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Financials

DBS Q2 profit rises 17 pct, beats market estimates

SINGAPORE, July 29 (Reuters) - DBS Group Holdings Ltd , Southeast Asia’s biggest lender, beat market estimates with a nearly 17 percent rise in second-quarter profit, supported by an increase in net interest income.

The Singaporean bank’s net profit came in at S$1.6 billion ($1.2 billion) in the three months ending June, versus S$1.37 billion a year earlier and an average estimate of S$1.47 billion from three analysts, according to data from Refinitiv. ($1 = 1.3690 Singapore dollars) (Reporting by Anshuman Daga; Editing by Chris Cushing and Stephen Coates)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up