Australia's Westpac posts more than 5% rise in third-quarter profit

Reuters
7 hours ago
Australia's Westpac posts more than 5% rise in third-quarter profit

Aug 14 (Reuters) - Australia's Westpac Banking Corp WBC.AX posted a more than 5% rise in third-quarter cash profit on Thursday, reflecting higher margins as well as a marginal rise in lending and deposits.

The country's third-largest lender reported cash earnings of A$1.9 billion ($1.24 billion) for the quarter ended June 30, compared with A$1.8 billion a year ago.

(Reporting by Rishav Chatterjee and Shivangi Lahiri in Bengaluru; Editing by Shreya Biswas)

((Shivangi.Lahiri@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10