Investing.com - Financial Markets Worldwide
Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-National Australia Bank posts HY cash earnings of $3.29 billion

Published 04/05/2017, 08:35 am
Updated 04/05/2017, 08:40 am
© Reuters. BRIEF-National Australia Bank posts HY cash earnings of $3.29 billion
NAB
-

May 4 (Reuters) - National Australia Bank Ltd NAB.AX

* HY cash earnings of $3.29 billion, up 2.3%

* HY total charge for bad and doubtful debts (b&dds) was $394 million, up $19 million or 5.1%

* HY on a statutory basis, net profit attributable was $2.55 billion compared to a loss of $1.74 billion for march 2016 half year

* Interim dividend unchanged at 99 cents per share fully franked

* "Group's CET1 target ratio remains between 8.75% - 9.25%"

* On a cash earnings basis HY revenue increased 1.8 percent

* CET1 ratio was 10.1 percent as at 31 March 2017

* "Operating environment for banks remains challenging" Source text for Eikon: ID:nASXcbm9Jg Further company coverage: NAB.AX

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.