ANZ HY Profit Up 90%
CANBERA (dpa-AFX) - Australia And New Zealand Banking Group Ltd.(ANZ.AX, ANZBY.PK, ANZ) reported that its profit after tax for the half Year ended 31 March 2021 rose to A$2.94 billion or 98.4 cents per share, from A$1.55 billion or 51.5 cents per share in the prior year.
The latest-period included net credit provision release of A$491 million, compared to credit impairment charge of A$1.67 billion last year.
Cash profit for the period surged to A$2.98 billion from A$1.32 billion in the prior year.
But, net interest income declined to A$6.99 billion from A$7.22 billion in the previous year.
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