🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-Australia and New Zealand Banking Group posts 24 pct drop in H1 cash profit

Published 03/05/2016, 08:23 am
Updated 03/05/2016, 08:30 am
© Reuters.  BRIEF-Australia and New Zealand Banking Group posts 24 pct drop in H1 cash profit
ANZ
-

May 3 (Reuters) - Australia and New Zealand Banking Group Ltd ANZ.AX :

* ANZ half year results, dividend announcement & appendix 4d anz.ax

* HY net interest income $7.57 billion vs $7.14 billion

* HY net interest margin 2.01 pct vs 2.04 pct

* HY cash profit of $2.78 billion, down 24%

* HY operating income up 0% to $10.27 BLN

* HY net statutory profit attributable to shareholders down 22% to $2.74 bln

* Interim dividend of 80 cents per share fully franked is down 7%

* As at March-end, Common Equity Tier 1 ratio on APRA Basel 3 basis 9.8 pct

* Final dividend for FY16 is expected to be at least the same as the interim dividend in cents per share

* "Expect APRA CET1 ratio to remain around 9% post implementing the mortgage rwa change in July 2016"

* HY return on average ordinary shareholders' equity 9.5%

* Restructuring charge of $138 mln (pre-tax) recognised in half will underpin further productivity in h2 and future years

* Continued to see pockets of weakness associated with low commodity prices in the resources sector

* For 2016 interim dividend, ANZ intends to provide shares under DRP and BOP through the issue of new shares

* All figures in A$

* In process of evolving its strategy,including reshaping of workforce to reduce complexity and duplication

* Source text for Eikon ID:nASXksJVY

Latest comments

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.