UOB's net profit down 19% to $855m in Q1

Submitted By:  Staff Reporter Case Study:  No Total impairment charges skyrocketed 96% to $286m. UOB has recorded a 19% drop YoY in net profit to $855m in Q1 as total impairment charges rose to $286m on top of a challenging macroeconomic environment. Operating profits dipped 1% YoY to $1.32b in Q1 from $1.33b during the same period last year. On a quarterly basis, net profit fell 15% YoY from the $1b reported in Q4 2019. read more