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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| National Australia Bank Ltd | ASX:NABCD | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 28.85 | 28.85 | 28.90 | 0.00 | 01:00:00 |
From Apr 2023 to Apr 2024
By Alice Uribe
SYDNEY--National Australia Bank lifted its dividend by almost 14%, and reported a 19% increase in interim profit, helped in part by a strong performance in its business banking unit.
Australia's second largest lender by market capitalization said its net profit rose to 3.97 billion Australian dollars (US$2.64 billion) in the six months through March, up from A$3.55 billion a year prior.
Analysts had expected an interim net profit of A$4.10 billion, according to FactSet's consensus estimate.
Cash earnings--a measure closely tracked by analysts that strips out non-core items such as revenue hedges and treasury shares--rose by 17% to A$4.07 billion.
The bank declared an interim dividend of A$0.83 per share, compared with A$0.73 a year earlier.
NAB's Common Equity Tier 1 capital ratio was 12.21%, down from 12.48% the previous year.
Write to Alice Uribe at alice.uribe@wsj.com
(END) Dow Jones Newswires
May 03, 2023 18:34 ET (22:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year National Australia Bank Chart |
1 Month National Australia Bank Chart |
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