ANZ profits steady with cautious optimism about future
Australasian banking giant posts unauditied profit of $A4.2 billion in nine months to June 30, 16.1% up on the prior period.
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ANZ has reported a 16.1% increase in unaudited underlying profit - rising to $A4.2 billion - for the nine months ended June 30.
ANZ chief executive Mike Smith says he has reasons for confidence in the Australasian economies: "Despite the market turmoil which has continued in July and August, there is good reason for optimism in our key domestic markets in Australia and New Zealand. Both countries are benefiting from growing demand for hard and soft commodities, and from the broader trade and investment linkages with Asia, which continues to be the best performing region in the global economy."
Group profits after tax increased1.3%, and impairment provisions were down to $A989, down 31% on the prior period.
Matt Nippert
Fri, 19 Aug 2011
Fri, 19 Aug 2011
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ANZ profits steady with cautious optimism about future
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