National Australia Bank HY Profit Surges

National Australia Bank Ltd. (NAUBF.PK,NABZY.PK, NAB.AX) reported that its net profit attributable to owners for half year ended on 31 March 2021 surged to A$3.21 billion from A$1.31 billion in the previous year.

Cash earnings for the period were A$3.34 billion, 94.8 per cent higher than its Half Year Results last year. The bank lifted the 2021 interim dividend to 60 cents per share.

Net operating income was A$8.44 billion, up from A$8.36 billion in the previous year.

NAB CEO Ross McEwan said that it remained "a challenging and competitive banking environment in Australia and New Zealand."

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