By Yantoultra Ngui
SINGAPORE (Reuters) -DBS Group, Singapore’s biggest bank, on Thursday posted a 1% rise in net profit in the second quarter from a year earlier on the back of higher total income.
DBS, which is also Southeast Asia’s biggest lender by assets, said April-June net profit climbed to S$2.82 billion ($2.19 billion) from S$2.79 billion a year earlier.
This beat the mean estimate of S$2.77 billion from three analysts, according to LSEG data.
($1 = 1.2848 Singapore dollars)
(Reporting by Yantoultra Ngui; Editing by Leslie Adler and Chris Reese)
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