Australia's Westpac Banking Corp. (WBC.AX,WBK) reported that its net profit attributable to owners of the company for fiscal year 2024 declined to A$6.99 billion from A$7.20 billion in the prior year.
Net interest income for the year was A$18.75 billion up from A$18.32 billion in the prior year. But annual non-interest income declined to A$2.84 billion from A$3.33 billion in the previous year.
The company announced an increase of A$1 billion to its share buyback program. In addition, fully franked ordinary dividends increased by 6% this year with a final dividend of 76 cents per share. Total ordinary dividends for the year were 151 cents per share, towards the upper end of its payout range.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.