ANZ HY Profit Down, But Cash Profit Up

Australia And New Zealand Banking Group Ltd.(ANZ.AX,ANZBY.PK,ANZ) reported a statutory profit after tax for the half year ended 31 March 2019 of A$3.17 billion, down 5% from last year. Cash profit for its continuing operations was A$3.56 billion, up 2% from the prior year.

Earnings per share grew to 124.8 cents from 119.4 cents in the previous year.

The company noted that institutional banking is performing well and positioned to provide positive earnings diversification, which will partially offset the headwinds in other parts of the Group.

The Interim Dividend is 80 cents per share, fully franked. This equates to $2.27 billion will be paid to shareholders, the company said.

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