Asia
United Overseas Bank's Net Profit Down 4% in Q1
United Overseas Bank's (SGX:U11) net profit during the first quarter of the year fell 4% to SG$1.44 billion from SG$1.49 billion a year earlier, according to a Thursday filing with the Singapore Exchange.Earnings per share slipped to SG$3.40 from SG$3.49 in the year-ago period. Analysts polled by Visible Alpha had projected earnings per share of SG$0.83 for the period.Net interest income declined by 4% year over year to SG$2.32 billion from SG$2.41 billion, slightly above the Visible Alpha estimate of SG$2.31 billion in Q1.
SGX:U11