First quarter 2012 results (Part 4) – OCBC and City Developments

Companies had started reporting their financial results for the quarter covering 1 Jan to 31 March 2012 (First Quarter 2012).

OCBC released its first quarter result today. City Developments released its result yesterday. Comparison of OCBC with DBS and UOB and comparison between City Developments and CapitaLand are made in this blog.

The following table provides information on net profit attributable to shareholders and year-on-year change between current period in 2012 against corresponding period of 2011.

  Net Profits Y-o-Y Change Dividend
DBS $ 933 m + 16.0% Nil
OCBC $ 832 m + 32.0% Nil
UOB $ 688 m + 12.4% Nil
       
CapitaLand $ 133 m + 31.3% Nil
City Developments $ 156 m – 44.5% Nil

OCBC’s net profit rose 32.0% to $832 million. In terms of percentage increase, OCBC comes up top. In terms of dollar quantum, DBS made $933 million followed by OCBC and UOB was bottom at $688 million. All three local banks performed well in the first quarter.

In the property development space, City Developments suffered a drop in net profit of 44.5% whereas CapitaLand improved its net profit by 31.3%. CapitaLand earned $133 million net profit and City Developments earned $156 million net profit for their shareholders.

Copyright © 2012, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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