ANZ BANK AN­NUAL PROFIT DOWN 24%

The Sun (Malaysia) - - SUNBIZ -

SYD­NEY: The Aus­tralia and New Zealand Bank­ing Group (ANZ Bank) posted a 24% drop in an­nual net profit yes­ter­day. The group’s re­sult for the year to Sept 30 came in at A$5.7 bil­lion (RM18.3 bil­lion). Cash profit was down 18% at A$5.9 bil­lion.The slump was largely due to more than A$1 bil­lion in one­off charges, in­clud­ing for ANZ’s soft­ware cap­i­tal­i­sa­tion pol­icy and a write­down on the value of its in­vest­ment in

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.