ANZ FY Profit Climbs

Australia And New Zealand Banking Group Ltd.(ANZ.AX,ANZBY.PK,ANZ) reported that its profit after tax for the year ended 30 September 2021 was A$6.16 billion, up 72% on the prior year with a key driver being the partial reversal of COVID-19 related credit provisions. On a per share basis, net income was 204.9 cents up from 118.0 cents in the previous year.

Cash profit from continuing operations, before credit impairment and tax, was A$8.396 billion, flat to the prior year.

Net interest income for the quarter grew to A$14.16 billion from A$14.05 billion last year.

The company said its board determined a final dividend of 72 cents per share was appropriate, taking the total dividend for 2021 to 142 cents per share, up by 82 cents per shareon the prior year.

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