DBS Group Holdings Ltd (SGX:D05)
S$ 35.62 -0.07 (-0.2%) Market Cap: 101.31 Bil Enterprise Value: 146.14 Bil PE Ratio: 5.26 PB Ratio: 1.59 GF Score: 69/100

Full Year 2018 DBS Group Holdings Ltd Earnings Media Briefing Transcript

Feb 18, 2019 / 02:30AM GMT
Edna Koh
DBS Bank Ltd. - Executive Director of Group Strategic Marketing & Communications

Good morning, everyone, and welcome to DBS' Fourth Quarter and Full Year Results Briefing.

This morning, we announced a full year net profit of $5.63 billion, yet another record high. Notably, return on equity at 12.1% is our highest in more than a decade. Fourth quarter net profit increased 8% to $1.32 billion.

So to tell us more today, we have our CEO, Piyush; and CFO, Sok Hui. Sok Hui, please.

Sok Hui Chng
DBS Group Holdings Ltd - CFO

Good morning, everyone. We are still within 15 days of our Chinese New Year celebration, so let me wish everyone a very happy and prosperous lunar new year.

We achieved another record performance in 2018. Net profit crossed the $5 billion mark for the first time, rising 28% to $5.63 billion. Total income increased 11% to $13.2 billion from loan and fee income growth as well as the higher net interest margin. The results were moderated by weaker performance in Treasury Markets.

The reported cost

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot