Oversea-Chinese Banking Corporation Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net interest income of SGD 1,272 million against SGD 1,307 million a year ago. Total income was SGD 2,249 million against SGD 2,060 million a year ago. Profit before income tax was SGD 1,196 million against SGD 1,052 million a year ago. Profit attributable to equity holders of the bank was SGD 973 million against SGD 856 million a year ago. Earnings per share basic and diluted were 23.0 cents against 20.6 cents a year ago. The robust year-on-year performance was largely driven by sustained growth in wealth management income, higher profit from insurance operations as well as increased earnings in local currency terms from all of the Group's overseas banking subsidiaries, particularly from Indonesia. Net cash used in operating activities was SGD 4,885 million against SGD 937 million a year ago. Purchases of property, plant and equipment and investment property was SGD 52 million compared to SGD 81 million a year ago. Operating profit before allowances and amortization was SGD 1,276 million against SGD 1,137 million a year ago. Return on equity on SFRS basis was 10.8% compared with 10.1% a year ago. Return on asset on SFRS basis was 1.12% compared with 1.03% a year ago. Capital expenditure was SGD 52 million against SGD 81 million a year ago. Return on equity on cash basis was 11.1% compared with 10.4% a year ago. Return on asset on cash basis was 1.15% compared with 1.06% a year ago.