Corporate News

Commonwealth Bank Of Australia Q3 Cash Net Profit Down 5%

Commonwealth Bank of Australia (CBA.AX) reported that its third quarter unaudited cash net profit after tax was about A$2.4 billion, down 5% on the prior comparative quarter.

It reported statutory net profit after tax of about A$2.4 billion in the third-quarter.

Operating income was down 1%, driven by one less day in the quarter.

Operating expenses were up 2%,with higher amortization and staff costs partly offset by productivity initiatives.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Corporate News