DBS posts Q2 loss after surprise HK goodwill charge
SINGAPORE, July 30 — DBS Group, Southeast Asia’s biggest bank, posted a surprise quarterly loss, its first in almost five years, after it took a S.02 billion (RM2.39 billion) goodwill charge for its Hong Kong business.
But excluding the one-time charge, core earnings rose 30 percent, beating market expectations, and the bank said its outlook ...
Date: 2010-07-30 09:03:48
Source: DBS posts Q2 loss after surprise HK goodwill charge
URL: http://www.themalaysianinsider.com/business/article/dbs-post...
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