DBS Group's (SGX:D05) net profit for the second half of 2024 rose 12% to SG$5.65 billion from SG$5.03 billion a year earlier, according to a filing with the Singapore Exchange on Monday.
Earnings per share rose to SG$3.92 from SG$3.49 in the comparable period. Analysts polled by Visible Alpha estimated earnings per share of SG$1.92.
Total income rose 10% year over year to SG$11.3 billion from SG$10.2 billion, driven by an increase in income from treasury customer sales and net fee and commission income.
Analysts polled by Visible Alpha estimated a revenue of SG$10.8 billion.
Shares of the financial group were up nearly 3% in recent trading.
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