United Overseas Bank, the smallest of Singapore’s three banking groups, posted on Thursday a 21% fall in fourth quarter net profit in the absence of one-time gains.
UOB earned $558 million in the three months ended December, down from $706 million a year ago. The results were below the $575 million average estimate of six analysts polled by Reuters.
UOB earned $558 million in the three months ended December, down from $706 million a year ago. The results were below the $575 million average estimate of six analysts polled by Reuters.
Excluding the one-time gain of $152 million booked in the fourth quarter of 2010, the Singapore bank’s net profit edged up 0.8% compared to a year ago.
No comments:
Post a Comment