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UOB Net Profit Up 3% in H1

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United Overseas Bank's (SGX:U11) net profit rose 3% to SG$2.92 billion in the six months ended June 30 from SG$2.83 billion a year ago, according to a Friday filing with the Singapore Exchange.

Earnings per share increased to SG$3.45 from SG$3.32 in the year-ago period.

Net interest income in the first half fell 3% to SG$4.62 billion from SG$4.75 billion a year earlier.

UOB declared an interim dividend of SG$0.88 per ordinary share for the period, up from SG$0.85 a year earlier, to be paid on Aug. 28.

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