Profit before tax stood at a record $3.44 billion, 1% higher y-o-y and 16% higher q-o-q, as total income climbed to a new high thanks to robust business growth.
DBS Group Holdings has reported a net profit of $2.9 billion for the 1QFY2025 ended March 31, 2% lower y-o-y, but slightly above the Bloomberg estimate of $2.868 billion. The slight decline y-o-y was due to higher tax expenses from the implementation of the 15% global minimum tax.
The bank's return on equity (ROE) during the quarter stood at 17.3%.
