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National Australia Bank Q1 Profit Flat

National Australia Bank Ltd. (NAUBF.PK,NABZY.PK, NAB.AX) reported that its net profit for the first-quarter of fiscal year 2021 was A$1.70 billion, flat with last year.

Cash earnings for the quarter were A$1.65 billion same with last year.

The bank said that improving economic trends have been a key driver of its first-quarter results, with cash earnings 47 percent higher than the second-half of 2020 quarterly average primarily driven by low credit impairment charges.

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