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04-08-2021, 09:20 AM
Atiqah Mokhtar Published on Wed, Aug 04, 2021 / 7:24 AM GMT+8 / Updated 1 hours ago
Oversea-Chinese Banking Corporation (OCBC) reported net profit of $1.16 billion for the 2QFY2021 ended June, a 59% y-o-y increase from $730 million previously.
On a q-o-q basis, OCBC’s net profit fell 23% from the 1QFY2021 net profit of $1.5 billion.
1HFY2021 net profit amounted to $2.66 billion, up 86% from $1.43 billion the year before, largely driven by a 29% increase in non-interest income and substantially lower allowances.
OCBC has declared an interim dividend per share (DPS) of 25 cents, representing a payout ratio of 42% against the group’s net profit, similar to interim DPS paid in FY2019. In comparison, the group had paid out an interim DPS of 15.9 cents in FY2020, when the dividend was capped at 60% of the prior year’s dividend in line with MAS’ guidance.
https://www.theedgesingapore.com/capital...s-declared
Oversea-Chinese Banking Corporation (OCBC) reported net profit of $1.16 billion for the 2QFY2021 ended June, a 59% y-o-y increase from $730 million previously.
On a q-o-q basis, OCBC’s net profit fell 23% from the 1QFY2021 net profit of $1.5 billion.
1HFY2021 net profit amounted to $2.66 billion, up 86% from $1.43 billion the year before, largely driven by a 29% increase in non-interest income and substantially lower allowances.
OCBC has declared an interim dividend per share (DPS) of 25 cents, representing a payout ratio of 42% against the group’s net profit, similar to interim DPS paid in FY2019. In comparison, the group had paid out an interim DPS of 15.9 cents in FY2020, when the dividend was capped at 60% of the prior year’s dividend in line with MAS’ guidance.
https://www.theedgesingapore.com/capital...s-declared
