Westpac Reports 1st Half Cash Profit of A$3.44 Billion : vim

Westpac Reports 1st Half Cash Profit of A$3.44 Billion


Provided by
Dow Jones
By Alice Uribe
SYDNEY--Westpac Banking Corp. said its first-half net profit nearly tripled, as one-off items and impairments were lower than a year earlier.
The Australian bank said its net profit totaled 3.44 billion Australian dollars (US$2.6 billion) in the six months through March, up from A$1.19 billion at the corresponding stage of the 2020 fiscal year.
Cash earnings--a measure closely tracked by analysts that strips out non-core items such as revenue hedges and treasury shares--rose by 256% to A$3.54 billion. This was ahead of consensus expectations for cash earnings of A$3.3 billion.
Excluding notable items, cash profit rose by 60% to A$3.82 billion.

Related Keywords

Australia , Australian , Alice Uribe , Westpac , Dow Jones Company Inc , Sydney Westpac Banking Corp , Westpac Banking , Dow Jones , ஆஸ்திரேலியா , ஆஸ்திரேலிய , ஆலிஸ் யுரீபீ , வெஸ்ட்பேக் , டோ ஜோன்ஸ் நிறுவனம் இன்க் , சிட்னி வெஸ்ட்பேக் வங்கி கார்ப் , வெஸ்ட்பேக் வங்கி , டோ ஜோன்ஸ் ,

© 2025 Vimarsana