15 Aug 2013 - Singapore Business Review
But staff expenses jumped. According to DBS, EBIT margins improved marginally to 12.4% in 2Q13, from 12% and 11% in 2Q12 and 1Q13, respectively. Operating costs increased by a slower 2.2% vis-à-vis topline growth, largely due to lower material and consumables cost (-14.9%) and fuel and electricity expenses (-5.9%), ...
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