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DBS Group's Net Profit Up 1% in Q1; Shares Climb 4%

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DBS Group (SGX:D05) net profit rose 1% in the first quarter to SG$2.93 billion from SG$2.90 billion a year earlier, according to a filing with the Singapore Exchange on Thursday.

Earnings per share rose to SG$4.17 compared with SG$4.11 in the year-ago period. Visible Alpha expected an EPS of SG$0.98.

Total income was up 1% year over year to SG$5.95 billion from SG$5.91 billion.

The board declared an interim one-tier dividend of SG$0.0066 per share and a capital return dividend of SG$0.0015 per share for the period.

The dividend is expected to be paid on or about May 20.

Shares of the bank were up nearly 4% in Thursday trading.

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