DBS Q2 Net Profit Up 10%

DBS Group Holdings Ltd DBSDY reported a 10% rise in its second-quarter net profit. DBS Group's quarterly net profit surged to 810 million Singapore dollars (US$648 million), from S$735 million, in the year-ago period. However, analysts were expecting a net profit of S$797 million. Its net interest income surged 10% to S$1.32 billion from S$1.20 billion. DBS Group shares closed at $46.60 yesterday.