Oversea-Chinese Banking Corp. Ltd. (OVCHY, OVCHF,O39.SI), on Friday, reported its net profit increased in the third quarter compared with the previous year.
For the third quarter, net profit increased to S$1.98 billion from S$1.97 billion in the prior year.
Earnings per share were S$1.72 versus S$1.73 last year.
On average, three analysts had expected the company to report $0.39 per share. Analysts' estimates typically exclude special items.
Net interest income decreased 9 percent to S$2.23 billion from S$2.43 billion in the previous year.
Non-interest income increased 15 percent to S$1.57 billion from S$1.37 billion in the prior year.
Oversea-Chinese Banking is 2.79% higher at SGD 17.66 on the Stock Exchange of Singapore.
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