Brief: Dah Sing Banking Posts FY Profit Attributable Of HK$1.61 Bln

Dah Sing Banking

31/03/2023 09:30

March 31 (Reuters) - Dah Sing Banking Group Ltd
 2356.HK :
    * FY PROFIT ATTRIBUTABLE HK$1.61 BILLION VERSUS HK$1.66
BILLION
    * WILL PROPOSE A FINAL DIVIDEND OF HK$0.29 PER SHARE FOR
2022
    * FY NET INTEREST INCOME HK$4.38 BILLION VERSUS HK$3.94
BILLION
    * AS WE NEAR END OF Q1, CLEAR THERE ARE STILL MANY
UNCERTAINTIES
AND MUCH VOLATILITY IN GLOBAL MARKETS
    * CAUTIOUS ON BUSINESS OPERATIONS
    * NOTE CONTINUING CAUTION FROM MANY OF CUSTOMERS, DESPITE
SOMEWHAT
BETTER ECONOMIC CONDITIONS
    * DO NOT EXPECT AT THIS STAGE THAT PROGRESS IN DEVELOPING
AND
GROWING CORE BUSINESSES DURING YEAR WILL BE RAPID
    * AS AT DEC 31, COMMON EQUITY TIER 1 CAPITAL ADEQUACY RATIO
IS
15.2%
    * FY NET INTEREST MARGIN 1.85% VERSUS 1.72%

Source text for Eikon:  ID:nHKS9QrXmT 
Further company coverage:  2356.HK 

 ((Reuters.Briefs@thomsonreuters.com;))