Australian lender ANZ reports 31% rise in full-year cash profit
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Australian lender ANZ Group reported a 31% rise in annual profit on Monday.
- ✓The bank got a boost from better management of margins and costs alongside business growth.
- ✓It posted a cash profit of A$7.59 billion for the year ended September 30, showing strong performance for Australia’s fourth-largest lender.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Nov 9 (Reuters) - Australian lender ANZ Group (ANZ.AX), opens new tab reported a 31% rise in annual profit on Monday, driven by management of margins, capital and costs, as well as business growth.
ANZ, Australia's fourth-largest lender by market capitalisation, posted cash profit of A$7.59 billion ($5.21 billion) for the year ended September 30, in line with a Visible Alpha consensus of A$7.55 billion and above last year's A$5.79 billion.
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($1 = 1.4571 Australian dollars)
Reporting by Sneha Kumar and Sherin Sunny in Bengaluru; Editing by Chris Reese and Edmund Klamann
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