Home Capital Results

UOB reports 11% higher net profit of $1.1 bil for 2QFY2022

Felicia Tan
Felicia Tan7/29/2022 07:44 AM GMT+08  • 5 min read
UOB reports 11% higher net profit of $1.1 bil for 2QFY2022
The bank has declared an interim dividend of 60 cents per share, unchanged from the year before. Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

United Overseas Bank (UOB) has reported a net profit of $1.11 billion for the 2QFY2022 ended June, 11% higher than the net profit of $1.0 billion reported in the same period the year before.


See: UOB's current P/BV at 1x represents 'attractive entry point' into banking sector: CGS-CIMB, UOB Kay Hian maintains 'overweight' on Singapore banks and DBS keeps 'buy' on UOB and OCBC while largely positive on Singapore banks

The higher y-o-y earnings were due to the expanded margins and the recovery in trading and investment income.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.