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Commonwealth Bank Of Australia FY Profit Down

Commonwealth Bank of Australia (CBA.AX) reported that its net profit attributable to equity holders of the Bank for the full year ended 30 June 2019 declined to A$8.57 billion or 468.6 cents per share from A$9.33 billion or 517.7 cents per share in the prior year.

On a cash basis, annual net profit from continuing operations decreased to A$8.49 billion from A$8.92 billion in the prior year.

Net interest income decreased to A$18.12 billion from A$18.34 billion last year.

Other banking income was A$4.99 billion, down from A$5.42 billion in the previous year.

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