The increase of 6 percent profit on its annual gain that Westpac has recently recorded is an evidence that the bank has shrugged off the effect of slowing economy over the past six months.
And with an increase in costs held to 7%, the cash profit figure - the industry's preferred measure of earnings - came in at the level forecast by industry analysts. That saw cash earnings per share rise almost in line at 5% to 198.3 cents a share The percentage increase for net profits was even higher, up 12%, at $3.85 billion.
Shareholders will benefit to the tune of an 8% increase in the second half dividend to 72 cents, making a total of $1.42 for the full year.
more...
2 comments:
Happy blogoversary!
Hello,
We would like to discuss the possibilities of having you onboard as one of our website contributors at www.ourfinanceblogs.com
Let me quickly tell you what we do. We publish and promote financial related articles on our website. So basically we function as a repository website for our community members and we market your original articles on our website for you. Email me if you are interested and i'll provide you with more details.
Cheers,
Debbie
Post a Comment