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Tuesday, May 7, 2024

UOB - 2nd quarter results Net profit of 1.43B seem to be lowered than analysts expectations of 1.44b. Interim dividend of 88 cents.

 United Overseas Bank (UOB) reported on Thursday a 1% rise in net profit in the second quarter from a year earlier on the back of higher net fee income and a rebound in loan-related fees and wealth management fees.

UOB, which is also Southeast Asia's third-largest bank by assets, said its April-June net profit rose to S$1.43 billion ($1.07 billion) from S$1.42 billion a year earlier.

This was lower than the mean estimate of S$1.44 billion from four analysts polled by LSEG.

Interim dividend of 88 cents.




Pls dyodd. 

UOB - 1st quarter results update is out! Total Revenue is up 3 percent to 3523m.Net profit is up 5 percent yo 1566m. Net interest income is down 2 percent  to 2362m. I think result is not bad! 



The overall increased is due to  other non-interest income which was ip 32 percent to 581m. Without this income,  Net profit will be lowered than last year.

Pls dyodd. 




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